Resources

Monetary worth of a good/service as determined by the market

The more of something that is produced, the greater the marginal opportunity cost becomes

How does immigration most directly affect a society's labor resources?

How does the birthrate most directly affect a society's labor resources?

Which is NOT one of the 3 basic economic ?'s every economic system must answer?

What is the act of giving up one benefit in order to gain a greater benefit?

How does the death rate most directly affect a society's labor resources?

What are physical objects?

What is not a variable that affects the PPC?

What type of good is not intended for final use by businesses?

What is what we give up when we make a choice?

Which social goal values using the least costly methods and most productive use of resources?

Sum of tangible, scarce, useful, and transferable goods

If taxes are raised in order to provide more welfare programs:

Most values individuals' ability to make their own decisions and pursue their own desires?

What is the cost of one additional unit of a good or service?

What is the extra benefit one derives from one additional unit of a good/service?

What is the cost of one additional unit?

What type of goods are so abundant that they are not scarce?

The supply of which resource is thought to be fixed?

In a market economy, what does a price decrease communicate?

James goes to Bogota for $3,000 instead of Miami for $1,500. What is his opportunity cost?

Which social goal most values protection against economic risks e.g. unemployment and poverty?

How does a nation's healthcare system impact labor resources?

What type of goods are used up a short time after purchase?

Values preserving nature over using natural resources to improve the lives of human beings?

What term means goods have scarcity?

What type of resource are goods - such as machines and tools - used to make other goods?

Most values making sure everyone makes a similar amount of $ regardless of ability and effort?

What type of resource are innovators who bring other resources together to meet society's needs

What is the usefulness or satisfaction derives from a good or service?

Which is a free good?

How does emigration affect society's labor resources?

What is the next best alternative given up when you make a choice?

How does disease most directly affect labor resources?

If fossil fuels are made illegal, requiring everyone to live in mud brick homes:

How does famine most directly affect a society's labor resources?

What type of resources - such as money invested in a company - are used to make other goods?

What type of resources are "gifts of nature?"

What type of resources - such as training and knowledge - allows people to make other goods?

What type of goods last more than 3 years?

What is something we desire that is not necessary for survival?

What are actions or activities one performs for another?

What is something essential for survival?

Which social goal most values the long-term increase in the total quantity of resources?

What type of resources are people with their efforts, abilities, and skills?