SOL CE11a Economic Terms Flashcards

1

Which resource is illustrated?

2

The opportunity cost of any action is -

3

The following is an example of -

4

Combining of human, natural, capital, & entrepreneurship to make goods & services is called -

5

___________________ is the cost of what is given up when a choice is made.

6

the inability to satisfy all wants at the same time

7

The selection of an item or action from a set of possible alternatives is called -

8

The following is an example of -

9

The following is an example of -

10

This is used to change economic behavior-

11

The following is an example of --

12

This is an example of -

SOL CE11a Economic Terms