https://padlet.com/ymeade1/ozyy5eegsp3n0jg2 In class you learned about the Basic Economic Concepts listed below. For this assignment you are to type a "short" definition of each (10 pts.) and add a picture for each (10 pts.) Each column is worth 20 points and the overall score is 100 points for this assignment. Please type your name. en-us 2021-04-14 00:57:31 UTC 2021-05-17 04:56:37 UTC hello@padlet.com https://padlet.net/icons/png/1f4b0.png 13p2v https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421583830 It is a way of making sales]]> 2021-04-15 15:25:21 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421583830 9r1w https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421927733 shortage of supply]]> 2021-04-15 16:26:52 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421927733 https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421929356 a common form of sales ]]> 2021-04-15 16:27:12 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421929356 https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421931583 not enough of one thing in stock]]> 2021-04-15 16:27:39 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421931583 c3rw https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421933230 When there is not a lot of one thing in stock]]> 2021-04-15 16:27:59 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421933230 9qqs https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421933387 When a choice is made something is given up]]> 2021-04-15 16:28:01 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421933387 https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421939402 cant satisfy all]]> 2021-04-15 16:29:06 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421939402 https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421942865 making harvest or creating something or the amount of something that was made or harvest.]]> 2021-04-15 16:29:47 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421942865 13p2v https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421944884 Cannot give too much without giving all away]]> 2021-04-15 16:30:09 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421944884 b05r https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421945655 2021-04-15 16:30:19 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421945655 9r1w https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421947429 encouraging consumers to buy a product in a larger quantity and faster with additional benefits]]> 2021-04-15 16:30:40 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421947429 c3rw https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421947571 Using up all of a resource ]]> 2021-04-15 16:30:41 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421947571 13p2v https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421951584 Giving something for a cost]]> 2021-04-15 16:31:26 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421951584 12r0s https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421954031 the inability to satisfy all wants at the same time]]> 2021-04-15 16:31:54 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421954031 13p2v https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421957767 The process of making something with resources]]> 2021-04-15 16:32:38 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421957767 https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421959415 gives up going to see a movie to study for a test in order to get a good grade]]> 2021-04-15 16:32:57 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421959415 13p2v https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421964514 The use of a specific resource]]> 2021-04-15 16:33:55 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421964514 9r1w https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421965597 deciding whether the decision is benefiting you or just something you want]]> 2021-04-15 16:34:06 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421965597 https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421966118 choice is made . something is given up . The opportunity cost of a choice is the value of the best alternative given up.]]> 2021-04-15 16:34:11 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421966118 https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421967442 to produce ]]> 2021-04-15 16:34:26 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421967442 https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421972325 the using up of a resource]]> 2021-04-15 16:35:22 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421972325 12r0s https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421973665 using resources to make goods or services ]]> 2021-04-15 16:35:38 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421973665 9qlm https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421975364 a common form of sales promotion]]> 2021-04-15 16:35:59 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421975364 https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421986115 The state of being scarce or in short supply ]]> 2021-04-15 16:38:03 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421986115 9r1w https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421989034 producing products or services]]> 2021-04-15 16:38:36 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421989034 12r0s https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421989205 what is given up when a choice is made ]]> 2021-04-15 16:38:38 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421989205 https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421993191 price reductions are offered to consumers to encourage them to buy .]]> 2021-04-15 16:39:18 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421993191 9r1w https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421997318 using resources]]> 2021-04-15 16:40:04 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421997318 12r0s https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421998747 the using of goods and services ]]> 2021-04-15 16:40:21 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421998747 https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421999700 making or manufacturing from components or raw materials ]]> 2021-04-15 16:40:32 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1421999700 9qlm https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422002051 being short in supply]]> 2021-04-15 16:40:58 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422002051 https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422005891  using resources ]]> 2021-04-15 16:41:43 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422005891 12r0s https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422012689 things that incite or motivate ]]> 2021-04-15 16:43:01 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422012689 9qlm https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422014582 the value of the best alternative given up]]> 2021-04-15 16:43:23 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422014582 9qlm https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422037507 the action of making components or raw materials]]> 2021-04-15 16:47:44 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422037507 9qlm https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422109370 the act process of using up something]]> 2021-04-15 17:01:16 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422109370 b05r https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422117260 2021-04-15 17:02:52 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422117260 https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422120130 incite or motivate]]> 2021-04-15 17:03:27 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422120130 c3rw https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422122165 Making something or puting things together to make something.]]> 2021-04-15 17:03:51 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422122165 c3rw https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422132048 When you select a certain item and when you make a choice, the other one is given up.]]> 2021-04-15 17:05:47 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422132048 https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422140809 things that motivate or incite sale]]> 2021-04-15 17:07:24 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422140809 c3rw https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422144169 Amount of money given for an item and things that urge people to buy their stuff more.]]> 2021-04-15 17:08:01 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422144169 https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422164134 having little to none]]> 2021-04-15 17:11:43 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422164134 https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422172559 a selection of items turns into what is given up when a choice is made.]]> 2021-04-15 17:13:19 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422172559 https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422181086 gathering materials and creating things for goods and resources.]]> 2021-04-15 17:14:59 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422181086 https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422189143 utilizing produce ]]> 2021-04-15 17:16:32 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1422189143 9t6k https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1449474068 The amount of money exchanged for a good or service. Things that incite or motivate.]]> 2021-04-22 21:27:31 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1449474068 9t6k https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1449479530 The inability to satisfy all wants at the same time.]]> 2021-04-22 21:29:55 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1449479530 9t6k https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1449495539 Selection of an item over alternatives. What is given up when a choice is made.]]> 2021-04-22 21:36:50 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1449495539 9t6k https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1449504359 Using resources to make goods or services.]]> 2021-04-22 21:40:38 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1449504359 9t6k https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1449508120 The using of goods and services.]]> 2021-04-22 21:42:19 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1449508120 9ndx https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1461625046 Not having enough of a product]]> 2021-04-26 20:46:26 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1461625046 9ndx https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1461629554 what you give up when you have made a choice.]]> 2021-04-26 20:48:03 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1461629554 9ndx https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1461634292 the use of something]]> 2021-04-26 20:49:32 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1461634292 9ndx https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1461638840 the making of a product]]> 2021-04-26 20:51:18 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1461638840 9ndx https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1461641143 things like sales]]> 2021-04-26 20:52:10 UTC https://padlet.com/ymeade1/ozyy5eegsp3n0jg2/wish/1461641143