Britt Econ

Playstation, Candy, and fancy shoes are an example of.........

• wants

• needs

• opportunity cost

Which of the below is an example of an opportunity cost

• You give up a beach vacation to go on a vacation in the mountains

• You choose not to do your homework

• You decide to go out and play

Coconuts grown in Brazil (country) are shipped to California (state)

• Opportunity Cost

• Import

• Export

Baseball bats made in Kentucky are shipped to baseball players in Japan

• Goods

• Import

• Export

When prices increase over time, but the amount of money buys less things is called.....

• Import

• Export

• Inflation

Nurse

• Human Resource

• Capital Resource

• Natural resource

Soil

• Human Resource

• Capital Resource

• Natural Resource

Hammer

• Human Resource

• Capital Resource

• Natural Resource

Teacher

• Human Resource

• Capital Resource

• Natural Resource

Minerals

• Human Resource

• Capital Resource

• Natural Resource