# data[].attributes.body
The study of people and choices

# data[].attributes.body
The study of economics that covers the economy on a nationwide scale

# data[].attributes.body
The part of economics that covers individual decisions.

# data[].attributes.body
Unlimited wants, limited resources

# data[].attributes.body
The cost of the next best thing

# data[].attributes.body
Anything that motivates someone to do something

# data[].attributes.body
Weighing the costs of an action against the benefits to determine if it would be beneficial

# data[].attributes.body
The more resources you invest in something the less it grows

# data[].attributes.body
The resources used to produce goods

# data[].attributes.body
Focusing on a specific task to increase efficiency in that task

# data[].attributes.body
A place where people can trade

# data[].attributes.body
The exchange of goods and services

# data[].attributes.body
The amount of a good people will buy

# data[].attributes.body
The amount of a good a supplier will sell

# data[].attributes.body
The price set at the intersection of supply and demand

# data[].attributes.body
A good that can be used instead of a different good

# data[].attributes.body
A good that is generally bought with another good

# data[].attributes.body
A measure of responsiveness from one economic variable to another

# data[].attributes.body
I want to buy candy, and Christmas presents, but I only have enough money for one or the other.

# data[].attributes.body
I don’t want to do extra school work, but if I get extra credit for it, then I will. In this situation, extra credit is an incentive

# data[].attributes.body
Deciding whether to ride your bike to work, or to drive your car involves weighing the advantages and disadvantages of either decision.

# data[].attributes.body
Labor: Workers
Land: Fields
Capital: Tractors
Enterprise: New Farming Techniques

# data[].attributes.body
The New York Stock Exchange is a market where people trade stock in companies

# data[].attributes.body
I have 100 cans of soda, but I’m only willing to sell 20, so the supply is 20.

# data[].attributes.body
Pepsi Zero increases it’s prices, so I buy more Diet Pepsi. In this scenario, Diet Pepsi is a substitute for Pepsi Zero.

# data[].attributes.body
Gasoline demand does not change no matter what the price is, so it is not elastic.