Relier Pairs Economics L2 Key termsVersion en ligne Key terms match up! par Martin Johannes Herben 1 Rational choice 2 Consumer good 3 Free resources 4 Allocation of resources 5 Efficient 6 Capital good 7 Production possibility Curve (PPC) 8 Economic growth 9 Production Possibility Frontier 10 Opportunity cost The ability to make a choice that is the best for you. A good purchased by a company and used to produce other goods such as a machine, a tool, or a piece of equipment. Cost of the next best alternative given up (when making a choice) The choice by a country or an economy to use resources in a certain way. Another name for the PPC. Being able to produce more with fewer resources. Increase in the level of output by a country Good purchased by a household such as food, a car, furniture, etc. Line that shows the different combinations of two goods an economy can produce if all resources are used up. Resources that don't have an opportunity cost because they can still be used for other things. For example, sunlight, CO2, oxygen.
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