Could you please check these other sets of terms.
Here are the terms:
scarcity
cost benefit analysis
marginal revenue
needs
incentives
economy
opportunity cost
variable costs
capitalism
marginal cost
food, clothing,shelter, and other things required for survival.
Answer: needs
occurs when people lack the resources to produce the things they want.
Answer: scarcity
all activity that together affects making, selling, and using goods and services.
Answer: economy
what you cannot buy or do when choosing to do one thing rather than another.
Answer: opportunity cost
economic model compairng marginal costs and marginal benefits of a decision
Answer: cost benefit analysis
economic system in which individuals own the means of production.
Answer: capitalism
something offered in an attempt to get consumers to take certain economic actions.
Answer: incentives
3 answers
1 answer