Opportunity Cost
Production Possibilities Frontier
Scarce Resources
Efficency
Types of Economics
100
What happens when you give up something to get something else.
What is Tradeoff?
100
a curve that shows the maximum quantity of one good that can be produced for each possible quantity for another good produced. 
What is Production Possibilities Frontier?
100
The area that Taco Bell is located in. 
What is Land?
100
Points along the PPF curve.
What is Efficient? 
100
Micro or Macro: How are the prices of textbooks determined?
What is Micro?
200

The value of the next-best alternative given up when a choice is made. 

What is Opportunity Cost?
200
What causes a PPF curve to shift?
What is New Technology, New Resources, Increased Production, Economics Growth?
200
The effort you exceed in tending your garden. 
What is Labor?
200
There are no opportunities to make someone better off without making anyone else worse off. 
What is Efficient?
200
Positive or Normative: Resources are scarce. 
What is Positive?
300
What you gain from making a decision?
What is Opportunity Benefit?
300
Shift or Movement: The number of farm and factory workers in the country increases. 
What is Shift?
300
The tools you own.
What is Physical Capital?
300
Explain on a PPF curve a point that shows any unattainable level of production?
What is Anywhere Outside of the Curve?
300
Positive of Normative: The United States should end poverty.
What is Normative?
400
Shape of PPF curve where opportunity costs are increasing. 
What is Curved Line?
400
Shift or Movement: The amount of pizza that the citizens of St. Cloud want to consume increases. 
What is Movement?
400
The knowledge and skills acquired in high school.
What is Human Capital?
400
Explain on a PPF curve a point that shows any unemployed resources.
What is Anywhere Inside of the Curve?
400
Micro or Macro: How much should worker be paid?
What is Micro?
500
Opportunity cost of a good rises as more of the good is produced.
What is The Law of Increasing Opportunity Cost?
500
An increase in the ability to produce goods and services over time. 
What is Economic Growth?
500
The organizational skills you possess and use in the operation of your business to sell the vegetables you grow. 
What is Entrepreneurship? 
500
Explain on a PPF curve to indicate any possible level of production of the good/service. 
What is Anywhere Along the Curve?
500
Micro or Macro: Why do prices of goods and services rise over time?
What is Macro?
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