Cards

Question 1

Issue

Answer 1

Is not an event is ongoing has long term effects is something we can do

Question 2

Disincentive

Answer 2

Deterrent or punishment for behavior

Question 3

Incentive

Answer 3

Rewards for behavior

Question 4

Choice

Answer 4

Closing is refusing scarcity causes us to choose

Question 5

Scarcity

Answer 5

Limited resources unlimited wants you are forced to choose when you have limited

Question 6

Rational choice

Answer 6

Choosing in own’s best interest as you perceive them your personal criteria

Question 7

Value

Answer 7

Based on tastes and preference the greater the supply the lower price

Question 8

Cost/opportunity cost

Answer 8

Highest value alternative the value of the next best choice

Question 9

Price

Answer 9

Willingness of buyer and ability of the buyer to purchase a product

Question 10

Cost/benefit Analysis

Answer 10

Compares benefits generated by a activity with its opportunity cost of

Question 11

Public policy

Answer 11

A definite course or method designed to meet the needs or goals of a group