Intro to Economics Hon

What kind of capital would you need when starting a business such as a restaurant?

What kind of labor would you need when starting a business such as a restaurant?

Paying someone to do something for you is a

Economics is the study of

The condition of not having enough resources is known as

Who takes a risk to start a new business?

What factor of production is this picture representing?

Which choice is an example of paying for a service?

What factor of production is this picture representing?

The thing that is given up when you make an economic choice is known as

What factor of production is this picture representing?

Which one of these is NOT a need?

What kind of land would you need when starting a business such as a restaurant?

What factor of production is this picture representing?

The value of the next best alternative use of time, money, or other resources is known as