Question

study of how scarce resources are allocated


something you give up when you make a decision


evaluating the costs and benefits of a decision


man-made resources such as tools, machinery, etc.


person who takes a risk to bring together other productive resources and start a business


focusing on an area of expertise or one aspect of production


workers with all their skills and abilities


the next best alternative (the first thing you didn't choose)


relationship of inputs to outputs


natural resources

1.
economics

2.
trade off

3.
opportunity cost

4.
land

5.
labor

6.
capital

7.
entrepreneur

8.
productivity

9.
cost-benefit analysis

10.
specialization

ill give you brainies

Answer 1

Economics is the first one

Trade-off is the second one

Cost-benefit analysis is the third one

Capital is the fourth

Entrepreneur is the fifth

specialization is the sixth

Labor is the seventh

Opportunity cost is the eighth

Productivity is the ninth

Land is the tenth