Documents Chapter 3 The Fundamental Economic Problem: Scarcity and Choice Our necessities are few but our...

Slide 1 Chapter 3 The Fundamental Economic Problem: Scarcity and Choice Our necessities are few but our wants are endless. INSCRIPTION ON A FORTUNE COOKIE Slide 2 2 Scarcity,…

Documents Factors of Production (Factor Resources) What is required to make goods and services in an economic....

Slide 1 Factors of Production (Factor Resources) What is required to make goods and services in an economic system? Also known as the “means of production” Slide 2 Goods…