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20 Cards in this Set
- Front
- Back
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Amount of anything people would like to have, is greater than the resource |
Scarcity |
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Amount of want, is greater than amount supplied at any price |
Shortage |
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4 resources |
Land Labor Capital Entra |
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All things that drive sat or happiness |
Goods |
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Subset and scarce make decisions in goods |
Econ goods |
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Is the highest valued alt forgone when a decision is made |
Opp cost |
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Shows max possible combinations of final goods and services |
Pp curve |
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Having an unemployment rate of 6% |
Full employment |
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Absolute advan |
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