economic problem revision inc PPC

An item that we desire that is not essential to survival?

Who is the BEST economics teacher EVER?!

How is scarcity different from shortages?

To an economists this is the alternative that is given up because of a decision?

When you make a choice ,what is the most desirable thing you gave up?

Who is an ambitious leader who combines land, labor & capital to create and market new goods?

If you can either sleep late or wake up early to study, what's the opportunity cost of sleeping

What is what you sacrifice when you make a decision?

What are the skills and knowledge gained by a worker through education and experiences?

What are actions or activities that one person preforms for another?

What is the greatest economics problem?

Physical objects such as clothes or automobiles.

What are the 3 Factors of Production? (not counting entrepreneurship)

What is something like air, food or shelter that is necessary for survival?

What are the 2 different types of capital?