1.1 Scarcity Notes
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | Scarcity
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| What is the study of how individuals, business and governments make choices when faced with limited resources | show 🗑
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| What are the three main factors of production | show 🗑
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| show | Scarcity always exists and is a problem faced by all societies.
Shortages are short and temporary
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| show | Both Physical and Human Capital
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| show | More Knowledge
Extra time
More productivity
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| What is always scarce | show 🗑
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| show | Capital
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| show | Natual Resources
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| What is Labor? | show 🗑
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| What is Capital | show 🗑
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| show | Human Capital, Physical Capital
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| What is Human Capital? | show 🗑
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| what is physical capital? | show 🗑
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| two examples of needs and two examples of wants | show 🗑
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| show | Because money is scarce. Because they already work, so it would be a waste of money.
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You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
vilaboy