SSEF1 Quiz Review Flashcards

1

The distribution (movement) of resources is known as:

2

An example of the resource LAND would be:

3

Which is NOT an example of the resource capital?

4

Laura owns a dog grooming business. She is said to be a(n):

5

What is it called when individuals experience unlimited wants, but limited resources?

6

The second best alternative in a given situation is called what?

7

When the marginal benefit exceeds (is greater than) the marginal cost:

8

Scarcity _____________, while shortages _______________.

9

Ty chose to spend $10 to see a movie over a $10 meal at Zaxby's. What is his opportunity cost?

10

All human work is considered to be:

SSEF1 Quiz Review