Economics Basics

What is the first name of the co-author of Evans and the colour of the $20 note?

Individuals or households that use goods and services 

The real cost of any decision

Which is not a factor affecting values?

Example of something someone does for you - a service 

What word best describes what happens when people make choices that others don't agree with? 

Cuba and China have this type of economic system where everything is owned by the government

The people or organisations who use resources to create goods and services

Veggie burger, smoothie, sushi - if I  decide on the burger what is the opportunity cost? 

What is the little turquoise text book called ?

Which one is an example of a value?

What do we call things we desire but do not need for survival ?

What is the surname of the author of your workbook?

A decision between 2 alternatives 

How many hours are there in a day? 

What is the AS number of this unit ?

Goods that are scarce and have a cost

The study of how people distribute scarce resources

Key principles or core beliefs 

What is the concept of a society or individual having unlimited wants and limited resources? 

As prices go up, consumers want to buy less and less of a product

French term for the philosophy that says the government should stay out of the economy

Wind and sunshine are ......

Things people must have to sustain life 

Goods with a physical presence are ?