C719 Word Scramble
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| Question | Answer |
| The inability to satisfy everyone's wants | Scarcity |
| The full value of the next best alternative | Opportunity Cost |
| The value of what is given up | Opportunity Cost |
| A graph of all the output combinations of two goods | Production Possibilities Curve |
| Greater sacrifices required to shift more production to one good | Increasing Opportunity Cost |
| Shape of the PPC with increasing opportunity costs | Bowed out |
| An output combination directly on the PPC | Efficient |
| An output combination below the PPC | Inefficient |
| An Output combination above the ppc | Unattainable |
| When you face a choice between possible alternatives | Trade-off |
| When the PPC shifts outward | Growth |
Created by:
chawk69
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