Resources
Water, land, animals and minerals are examples of this:
What is a Natural Resource?
This Canadian runs through the 6 with his woes, and sings about "wants and needs", but is not an economist.
Who is Drake?
The mismatch of limited resources against unlimited wants and needs.
The Big 3 Economic Question, should be asked of all economic systems
What to produce?
For whom to produce it?
How to produce it?
A negative relationship
What is an inverse relationship?
Emergency response personnel, truck drivers, and educators are examples of:
What are human resources?
Look at what that swoosh did
See it consumed my thoughts
Are you stupid, don't crease 'em
Just leave 'em in that box
Strangled by these laces, laces I can barely talk
That's my air bubble and I'm lost if it pops
What are the lyrics to Wing$ by Mackelmore?
An economic concept "refers to the basic fact of life that there exists only a finite amount of human and nonhuman resources.
What is scarcity?
An economy based on customs.
A person who purchases products or services
Who is a consumer?
Money, buildings, and infrastructure are examples of this:
What is Capital Resources?
Christopher Wallace rapped this song on the album "Life After Death".
What is "Mo Money Mo Problems"?
Define the problem
Identify the choices
Evaluate the advantages and disadvantages of each choice.
Choose the best alternative.
Act on your choice.
Review your decision
What is the economic decision process?
North Korea is an example of this type of economic system?
What is a command economy.
The price where supply and demand meet.
What is the equilibrium price?
The study of the economy as a whole.
What is macroeconomics?
This 80's female pop artist sang "Money Changes Everything"
Who is Cindi Lauper?
Provides for basic human life
What are needs?
An economic system dependent on consumer choices.
What is capitalism or a market economy?
If prices increase demand will ________.
What is decrease?
What is California?
President on the face of the $50 bill.
Who is Ulysses S Grant?
Adds to quality of life
What are wants?
A blend of three economic systems
What is a blend economy?
A person that makes products or delivers services
Who is a producer?