Basics of Economics

____ bring land, labor and capitla togther and live off of the profits.

A computer is a piece of ____ capital.

Which acronym represents the economic idea that everything has a cost?

______ is the idea that every time you choose to do something you are giving up the ability to do something else.

____ is the factor of production that includes the time, work and effort that go into producing goods and services.

People have unlimited wants and limited reources is the definition of ____

Which of these is NOT a factor of production?

____ = human made resources that produce goods and services.

Which of these is an example of Land? (In the factors of production sense of the word.)

They years of education and training a teacher has is an example of ____ capital.