'Involve trade offs' presentation slideshows

Name:_________ Date:__________ Key Terms Page 3 Select & Define 3 Key Terms 1) 2) 3) 4). What comes to mind when you think of the word scarce??? Name two items that might be scarce 1 2 What resources are scarce in your everyday life. 1 2.

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Scarcity and the Factors of Production

Scarcity and the Factors of Production. What is economics? How do economists define scarcity? What are the three factors of production?. What Is Economics?. Economics is the study of how people make choices to satisfy their wants For example: You must choose how to spend your time

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