What is opportunity cost?
ECONOMICS
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9th Grade
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Hard
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1.
FLASHCARD QUESTION
Front
Back
what you give up to make a choice
2.
FLASHCARD QUESTION
Front
What is scarcity?
Back
Not having enough resources
3.
FLASHCARD QUESTION
Front
A garbage truck driver is an example of which Factor of Production?
Back
labor
4.
FLASHCARD QUESTION
Front
Iron, minerals, coal and plants are examples of which productive resource?
Back
land
5.
FLASHCARD QUESTION
Front
Which factor of production would you consider a lawn mower? Options: Land, Labor, Capital, Entrepreneur
Back
Capital
6.
FLASHCARD QUESTION
Front
The people who decide to buy.
Back
Consumers
7.
FLASHCARD QUESTION
Front
Our desires for goods and services are unlimited
Back
true
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