M5 Chapter 1-2 Key Terms
Authored by Jacob Wokeup
Social Studies
11th Grade
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1.
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1 min • 1 pt
Page 2. ______: desire for goods and services.
2.
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1 min • 1 pt
Page 3. ______: factors used to produce goods and services.
3.
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1 min • 1 pt
Page 3. ______: unlimited wants exceeding finite resources.
4.
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1 min • 1 pt
Page 3. ________: a situation where there is not enough to satisfy everyone's wants.
5.
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1 min • 1 pt
Page 4. _____________: a product which requires resources to produce it and therefore has an opportunity cost.
6.
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1 min • 1 pt
Page 4. _________: a product which does not require any resources to make it and so does not have an opportunity cost.
7.
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1 min • 1 pt
Page 8: _________: human-made goods used in production.
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