CH 15 14 test Flashcards
What is a present short term consequence
Getting to eat and enjoy the candy bar you just bought
having less money in your pocket than before you bought the candy bar
What is a future long term consequence
being to full from the candy you ate
having to save up more money for a game you want.
what is a present consequence of building a road on an uniclated area
the government could loose money on a road no one uses.
what are the 4 productive reasorces
natural reasorces, capital good, human reasorces, entrepreneurship.
what are natural reasources
trees, bushes, fertal land
what are human reasources
scientist doctor factory worker
what are capital goods
human made materials buildings, machinery , tools
what is an entrepreneur
entrepenurs are people who produce goods or do services in hopes to make a profit.
how does specilization develop
opportunity cost
something you could have had but choose something else.
