TRADEOFF

Unit 1 Fundamental of Economics Vocabulary Flashcards

Flashcard
•
Social Studies
•
12th Grade
•
Hard
Jackie Clay
FREE Resource
Student preview

34 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Back
The other choices
2.
FLASHCARD QUESTION
Front
Productive Resource
Back
Objects that are used to produce goods and services.
3.
FLASHCARD QUESTION
Front
HUMAN RESOURCE
Back
The labor force, people used for services and goods
4.
FLASHCARD QUESTION
Front
Natural Resource
Back
Substances found in the world used to make goods and services.
5.
FLASHCARD QUESTION
Front
PHYSICAL CAPITAL
Back
Human-made objects used to make goods
6.
FLASHCARD QUESTION
Front
ENTREPRENEURSHIP
Back
The process of owning a business
7.
FLASHCARD QUESTION
Front
Marginal Benefits
Back
Additional reward for making one more unit
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