Which of the following are effects of scarcity?

What is a natural resource that goes into producing a lemonade stand?

What is the process of buying and using goods and services?

What are the factors of production that are used to produce goods and services called?*

Jasmine has to decide between going to college and joining the workforce. What is the opportunity cost if she decides to go to college?

What is the amount of goods and services consumers are willing to buy at a certain price?

The workers in a factory are considered what type of resource?

Scarcity refers to -

If supply is low and demand is high, the price of an item will be

Maggie did not buy a shirt she wanted until it went on sale. What was her incentive to buy the shirt?

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