Froggy Jumps EconomicsOnline version they are definitions from the chapter about Economics by naldy arteaga oliva 1 It is derived from the Greek word for large. a macro b micro c scarce 2 It investigates how scarce resources are allocated within the economy as a whole. a Macroeconomics b Microeconomics c Economics 3 It occurs because human wants exceed the production posible with our limited time and resources. a scarcity b unemployment c efficiency 4 It exists in all situations where available resources are not abundant enough to satisfy all our desires. a opportunity cost b efficient c monopoly 5 It is the study of how people allocate their limited resources to try to satisfy their unlimited wants. a Economics b Microeconomics c Macroeconomics 6 it studies the economic behavior of individual firms. a Microeconomics b Economics c Macroeconomics 7 They are the inputs we use to produce final goods or services. a factors of production b goals c resources 8 land and capital are refered to .. a material resources b human resources c natural resources 9 labor and entrepreneurship ability refer to.. a human resources b natural resources c material resources 10 the efforts of a worker,alawyer or a representative who works for a business a labor b employment c efficiency
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