Scarcity, Factors of Production, Opportunity, and Production Curves
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | The study of how people seek to satisfy their needs and wants by making choices..
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| show | When producers will not or cannot offer goods or services at the current prices.
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| Scarcity | show 🗑
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| Factors of Production | show 🗑
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| Land | show 🗑
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| show | Materials found in nature. Fertile farmland, coal, water, forests.
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| Labor | show 🗑
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| show | Any human-made resource that is used to produce other goods and services. Two types are physical and human.
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| Physical Capital | show 🗑
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| show | The knowledge and skills a worker gains through education and experience.
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| Entrepreneurs | show 🗑
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Created by:
lmeighan
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