Economics Review Quizziz

What you give up when making a decision.

• long term goal

• opportunity cost

• producer

Lack of available resources.

• services

• scarcity

• goods

Resources that come from nature: water, soil, trees, coal, etc.

• natural resources

• scarcity

• market

Products that can be bought and sold.

• producer

• goods

• services

Work that is done by others.

• services

• consumer

• economics

List 3 goods that could be produced using trees.

• 
• 
• 
• 

how much of a good or service consumers want

• demand

• spending

• producer

• scarcity

The amount available

• supply

• demand

• import

• natural resource

goods naturally found on the earth

• natural resources

• supply

• demand

• services

services provided by people

• human resource

• import

• scarcity

• consumer