Duplicate of Economics Basics

What is the little turquoise text book called ?

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

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

What activity is advertised on the front cover (bottom right )of your Rennie workbook? 

What is the AS number of this unit ?

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

Things people must have to sustain life 

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

Which is not a factor affecting values?

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

Goods that are scarce and have a cost

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

Example of something someone does for you - a service 

What is the surname of the author of your workbook?

Goods with a physical presence are ? 

The real cost of any decision

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

Wind and sunshine are ......

How many hours are there in a day? 

Individuals or households that use goods and services 

Key principles or core beliefs 

Which one is an example of a value?

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

The study of how people distribute scarce resources

A decision between 2 alternatives