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More cards in this set
Card 6
Front
An economic statement that is based on a value judgement
Back
Card 7
Front
An economic statement that can be tested in order to determine whether or not it is true
Back
Card 8
Front
Natural resources that are used for production.
Back
Card 9
Front
Human resources that are used for production.
Back
Card 10
Front
Manufactured goods that are used for production.
Back
Card 11
Front
Risk taking in the production process.
Back
Card 12
Front
A demand curve shows how much people are willing and able to buy at each price.
Back
Card 13
Front
A supply curve shows how much suppliers are willing and able to supply at each price
Back
Card 14
Front
Goods or services that are frequently consumed together
Back
Card 15
Front
Goods or services that can be used instead of each other.
Back
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