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Economics Basics Flashcards | StudBud

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Economics Basics

10 terms·StudBud Administration·59 plays

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Questions 10

Answers

1
When there is not enough of something to go around.
opportunty cost
producer
scarcity
choice
2
Making products in a factory.
consuming
collecting
minting
manufacturing
3
An object that you can buy.
producer
service
consumer
good
4
A person who makes products.
consumer
shopper
producer
servant
5
Workers are:
Capital resources
Human resources
Natural Resources
Goods
6
The item you don't choose.
consumer
producer
scarcity
opportunity cost
7
When you pay someone to do something for you.
budget
service
goods
product
8
Equipment and tools
animal resources
human resources
capital resources
product resouces
9
Trees, water, air, land...
capital resources
human resources
working resources
natural resources
10
People who buy goods and services.
Producers
Chefs
Bosses
Consumers