แผ่นงานScarcity: The Basic Economic Problem
คำถามทั้งหมด: 19
แป้นคำตอบScarcity: The Basic Economic Problem
คำถามทั้งหมด: 19
food
economics
scarcity
goods
labor
What to produce, how to produce, and for whom to produce
incentives
utility
trade-off
opportunity cost
Marginal cost is the additional cost of producing one more unit, while marginal benefit is the additional benefit received from consuming one more unit.
models
production possibilities curve
technology is fixed
underutilization
impossible to meet because resources are fixed
as production of a good increases, the opportunity cost of producing an additional unit rises.
microeconomics
-study of the behavior of individuals in
,line graph
-shows statistical changes over time
,statistics
-numerical data or information
,macroeconomics
-study of the behavior of the economy as
,chart
-displays data in rows and columns
the self-regulating nature of the marketplace
