Economic Decision Making

Every economic decision involves something lost. This is known as...?

• costs

• benefits

• inflation

• stability

What is this from

• Naruto

• I don't even know :0

• One Punch

• Dragon Ball Z

Economic decisions in which something is gained is referred to as?

• cost

• benefit

• goods

• services

Which of the following are examples of needs?

• Food

• water

• shelter

• Bad Bunny Tickets

A system used to manage limited resources for the production, distribution, and consumption of goods and services is known as __________.

• Goods

• Services

• Economy

• Resources

Which of the following are examples of Goods?

• clothing

• life

• liberty

• cars

Who is this singer?

• Beyonce

• Ariana Grande

• Camila Cabello

• Annie Marie

Work done by someone else for which people and businesses are willing to pay (teaching gardening, childcare, etc.) is known as _________.

• economy

• scarcity

• capital

• services

The following term describes a situation in which supply can not meet the demand.

• resources

• capital

• scarcity

• goods

A temporary condition that occurs when there is less of a good or service available than people want at the current price.

• scarcity

• shortage

• tradeoff

• this is the wrong answer