Study your flashcards anywhere!

Download the official Cram app for free >

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off
Reading...
Front

How to study your flashcards.

Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key

Up/Down arrow keys: Flip the card between the front and back.down keyup key

H key: Show hint (3rd side).h key

A key: Read text to speech.a key

image

Play button

image

Play button

image

Progress

1/9

Click to flip

9 Cards in this Set

  • Front
  • Back
Something that is required for survival.
Needs
An expression of a need
Want
Insufficiency of amount or supply
Scarcity
The study of how goods and services get produced and how they are distributed
economics
Something you must give up to receive another item
Trade-off
The action you are giving up to do another action.
Opportunity cost
Tool or equipment used to produce the goods
Capital goods
a good used by an individual
Consumer goods
A capital or consumer that should last more than 3 years. Also, a good that should last less than 3 years.
Durable good, non-durable good.