economics simple vocab
Authored by Kieran Maisonet
Other
9th - 12th Grade
Used 1+ times
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24 questions
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1.
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1 min • 1 pt
the study of how society deals with the issue of scarcity
2.
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1 min • 1 pt
-implies that society need to make choices-there are limited resources that have unlimited wants
-implies that society need to make choices-there are limited resources that have unlimited wants
3.
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1 min • 1 pt
things that must be combined to produce goods and services
things that must be combined to produce goods and services
4.
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1 min • 1 pt
natural resources and good for production location
natural resources and good for production location
5.
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1 min • 1 pt
physical/ mental work to produce a good
physical/ mental work to produce a good
6.
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1 min • 1 pt
-tools and tech
-tools and tech
7.
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1 min • 1 pt
money to be used for purchasing
money to be used for purchasing
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