Drag the words into the correct boxes
Economics1 of 8 draggables.
Social Science2 of 8 draggables.
Resource Allocation3 of 8 draggables.
Three Economic Questions4 of 8 draggables.
Factors of Production5 of 8 draggables.
Scarcity6 of 8 draggables.
Positive Statements7 of 8 draggables.
Normative Statements8 of 8 draggables.
- is the study of how to best allocate scarce resources in order to satisfy unlimited wants.
- The are the resources used in the production process to create goods and services.
- in economics are statements that are based on value judgments and opinions.
- in economics are statements that can be tested against evidence and facts.
- is the process of distributing scarce resources among competing uses or demands.
- refers to the fundamental economic problem of limited resources and unlimited wants.
- is a branch of science that studies human society and social relationships.
- The are fundamental questions that guide the process of resource allocation in an economy.
