Intro ECO...wants, resources

The governor of the Reserve Bank is

The economic problem of scarcity can never be solved

Australia's economic system is

Australian racehorse Black Caviar was undefeated in how many races?

Main characteristic of wants?

Cost-Benefit analysis would suggest to choose which option?

A collective want

Complementary wants are

The ability to combine resources to produce is

Total costs/benefits are also called social costs/benefits

An external cost of you buying a car would be

A service is

Natural resources are called....

Private costs accrue to the

Needs are

Recurring wants are

A private cost of you buying a car would be

Labour is a

The economic problem is

Wants increase due to

The economic problem refers to

Collective wants are

Capital is