Econ Flashcards by just studying

Q

Name land natural resources

A

Plants, Sun, water, soil ,minerals, coal

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Q

The Fundamental economic problem

A

Scarcity

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Q

What is a need?

A

A need is something that you cannot live w/out like air

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Q

Three essentials question

A

What good and services should’ve produced?
How should they be produced
For whom should they be produced?

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A

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