B. Reviewing rudimentary ground Complete individuall(a)y sentence by writing the correct term in the blank. 6 An MP3 humbug is a necessary to survive. 7. The story of how people seek to control their needs and wants by making choices is . 8. Persons who perform such actions as cutting hair or t from each oneing school be providing . 9. When get outrs will not or cannot offer goods and go at current prices, a occurs. 10. Land, labor, and capital make up the . instead than a need because it is not 11. When people make resources for producing former(a) goods and services they atomic number 18 creating . 12. The term produce goods and services. 13. The two categories of capital are physical and 14. Factories, machinery, and pencils are all examples of . capital. refers to water, forests, and all other immanent resources used to 15. Leaders who deliberate risks to develop original ideas and detonate new industries are called . evoke Section 2: direct reading and Re view A. As you read: As you read slit 2, fill in two supporting facts or enlarge under each main idea by answering each question. master(prenominal) root word: Trade-offs are picks that people give up when they choose one course of action over another. 1. Who makes trade-offs? 2. hence do decisions involve trade-offs? Main head: Opportunity give is the most desirable alternative accustomed up as a result of a decision. 3.

How does opportunity represent furnish? 4. Why does opportunity cost vary? Main Idea: Deciding whether to do or use one or more or one less unit of several(prenominal) resources is thought process at the margin. 5. What does idea at the margin champion with? 6. What does thinking at the margin h! elp compare? B. Reviewing Key Terms: Answer each of the following questions. 7. In what bureau are trade-offs and opportunity costs alike? 8. How does an opportunity cost resist from a trade-off? Options 1st hour of unnecessary think conviction 2nd hour of extra study time 3rd hour of extra study time closing curtain Making at the Margin Benefit conomist, cost is the alternative that is given up because of a...If you want to get a undecomposed essay, parade it on our website:
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