Chapter 1, Section 1 Economics: from Florida Prentice Hall Textbook

____________are people who decide how to combine resources to create new goods and services. 

According to the book on p.6 what country has the lowest percentage to sustainable H20 access?

Economics is the study of how individuals, businesses, and governments_________________________

A(n)__________is something that we desire but that is not necessary for survival. 

According to the book on p.6 what country has the highest percentage to sustainable H20 access?

knowledge and skills a worker gains through education & experience

the principle that limited amounts of goods & services are available to meet unlimited wants

the human-made objects used to create other goods and services

__________occurs when consumers want more of a good or service than producers make available. 

__________are actions or activities that are performed; Medical care, hair cuts, cleaning, etc.

_____is the effort people devote to tasks for which they are paid.  

Economists use the term__to refer to all natural resources used to produce goods and services. 

_____________are physical objects such as food, clothing, or video games. 

_________is the study of how people seek to satisfy their needs & wants by making choices. 

Something essential for survival is a ______________.