PSB Unit 2
Flashcard
•
Social Studies
•
9th - 12th Grade
•
Practice Problem
•
Hard
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18 questions
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1.
FLASHCARD QUESTION
Front
The study of scarcity
Back
Economics
2.
FLASHCARD QUESTION
Front
Having limited resources.
Back
Scarcity
3.
FLASHCARD QUESTION
Front
What to produce, how to produce it, and whom to produce it for are the three
Back
Economic Questions
4.
FLASHCARD QUESTION
Front
The value of the next best use of your resources
Back
Opportunity Cost
5.
FLASHCARD QUESTION
Front
Expenses that do not change from month to month, such as rent.
Back
Fixed Cost
6.
FLASHCARD QUESTION
Front
Expenses that can vary from month to month
Back
Variable Cost
7.
FLASHCARD QUESTION
Front
Where the buying and selling of goods and services occurs
Back
Market
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