__________study of how people (including companies/countries) make choices on buying, selling, using, and distributing goods/services.
Unit 1 Economics

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History, Specialty
•
9th - 12th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Economics
2.
FLASHCARD QUESTION
Front
Government is the study of getting rich and the stock market. True or False?
Back
False
3.
FLASHCARD QUESTION
Front
Basic Economic Problem: Mismatch of unlimited wants and needs and unlimited economic resources.
Back
False
4.
FLASHCARD QUESTION
Front
__________ Things required to live such as food, shelter, clothing, air
Back
Need
5.
FLASHCARD QUESTION
Front
___________ The actual thing you gave up to have something else. Everything has a cost
Back
Opportunity Cost
6.
FLASHCARD QUESTION
Front
__________ anything that it used to make a good or service.
Back
Resources
7.
FLASHCARD QUESTION
Front
The two branches of economics are micro & macro.
Back
True
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