Economy - Chapter 1

Focused around an economics slideshow, Chapter 1 will provide all the basic questions for the slideshow located at our GoogleDocs located here - [no urls]

Do you know everything there is to know about the first chapter of economics? Test your knowledge here. Slideshow can be located on our GoogleDocs page here - [no urls]

Created by: Jenn of Ukiah Independent Study
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  1. A need is
  2. What is a want?
  3. What is economics?
  4. What are services?
  5. What is a shortage?
  6. What are the factors of production?
  7. What is labor?
  8. What is "Opportunity Cost?"
  9. What is a production possibility curve?
  10. As we shift factors of production from making one good or service to another, the cost of producing the second item increases.
  11. The alternative we give up when we choose one option over the other.

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