
Copy of Copy of SS U2 L2

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Hard
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9 questions
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1.
FLASHCARD QUESTION
Front
People use only human resources to produce goods and services
Back
False
2.
FLASHCARD QUESTION
Front
Scarcity results because resources are unlimited and human wants are limited. True or False?
Back
False
3.
FLASHCARD QUESTION
Front
Not enough of something so people have to make choices =
Back
scarcity
4.
FLASHCARD QUESTION
Front
There are only certain amounts of resources
Back
limited resources
5.
FLASHCARD QUESTION
Front
There is no end to the number of things people want and need
Back
unlimited wants
6.
FLASHCARD QUESTION
Front
Student A chose not to do their work in class, losing recess is their
Back
opportunity cost
7.
FLASHCARD QUESTION
Front
Something used to get people to buy or produce a certain good or service
Back
incentive
8.
FLASHCARD QUESTION
Front
Nike advertised items at 40% off as a __________ to get people to come into their store.
Back
incentive
9.
FLASHCARD QUESTION
Front
The cafeteria running out of choice 1 for lunch and only having PB&J or Salad is an example of
Back
scarcity
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