Copy of Copy of SS U2 L2

Front

People use only human resources to produce goods and services

Back

False

Front

Scarcity results because resources are unlimited and human wants are limited. True or False?

Back

False

Front

Not enough of something so people have to make choices =

Back

scarcity

Front

There are only certain amounts of resources

Back

limited resources

Front

There is no end to the number of things people want and need

Back

unlimited wants

Front

Student A chose not to do their work in class, losing recess is their

Back

opportunity cost

Front

Something used to get people to buy or produce a certain good or service

Back

incentive

Front

Nike advertised items at 40% off as a __________ to get people to come into their store.

Back

incentive

Front

The cafeteria running out of choice 1 for lunch and only having PB&J or Salad is an example of

Back

scarcity