Basics of Economics Flashcards

1

Man-made resources used to create goods and services are known as _____.

2

An office building is an example of ____________.

3

Which of the following is an example of labor?

4

Which of the following is an example of human capital?

5

Scarcity refers to the situation when there is a/an ____ amount of resources to meet ___ wants

6

What basic economic problem do both wealthy and poor nations have in common?

Basics of Economics