Relier Pairs FundamentalsVersion en ligne Match term with definition par Annette King 1 labor 2 opportunity cost 3 negative incentive 4 entrepreneurship 5 Land 6 factors of production (productive resources) 7 marginal cost 8 rational choice 9 scarcity 10 marginal benefit 11 economics 12 positive incentive 13 human capital 14 incentive 15 capital risk-taking of organizing the other factors of production to earn a profit basic economic problem of limited resources and unlimited wants penalties that are intended to discourage behaviors rewards that encourage behaviors additional cost of consuming one more unit of a good or service tool, machines, factories, roads, etc. used in the production of goods and services additional satisfaction gained from consuming one additional unit of a good or service natural resources used in production skills, knowledge, and experience a person has to contribute to the production process next best alternative; what is given up when an economic choice is made human mental and physical activity used in production of goods and services inputs used to make goods and services decisions based on cost/benefit analysis MB > or = MC motivates individuals, businesses, and governments to undertake an action or to avoid an action. the study of how we allocate limited resources to satisfy unlimited wants and needs
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