unit 1 by Matthew Smith https://padlet.com/matthew_smith33/ucvd5bz1aeli en-us 2018-10-08 12:03:35 UTC 2018-10-08 12:53:52 UTC hello@padlet.com words to know matthew_smith33 https://padlet.com/matthew_smith33/ucvd5bz1aeli/wish/290251725 Scarcity-not enough
Trade off- trade money for goods
Opportunity cost- what you give up

]]> 2018-10-08 12:15:59 UTC https://padlet.com/matthew_smith33/ucvd5bz1aeli/wish/290251725 productive resources matthew_smith33 https://padlet.com/matthew_smith33/ucvd5bz1aeli/wish/290252000 land,labor,capital,entrepreneurship

]]> 2018-10-08 12:16:44 UTC https://padlet.com/matthew_smith33/ucvd5bz1aeli/wish/290252000 3 basic questions matthew_smith33 https://padlet.com/matthew_smith33/ucvd5bz1aeli/wish/290253918 what to produce?
how to produce?
for whom to produce?]]> 2018-10-08 12:21:24 UTC https://padlet.com/matthew_smith33/ucvd5bz1aeli/wish/290253918 labor matthew_smith33 https://padlet.com/matthew_smith33/ucvd5bz1aeli/wish/290255182 work, especially hard physical work.]]> 2018-10-08 12:24:37 UTC https://padlet.com/matthew_smith33/ucvd5bz1aeli/wish/290255182 land matthew_smith33 https://padlet.com/matthew_smith33/ucvd5bz1aeli/wish/290256047 In economics, land comprises all naturally occurring resources as well as geographic land]]> 2018-10-08 12:26:50 UTC https://padlet.com/matthew_smith33/ucvd5bz1aeli/wish/290256047 capital matthew_smith33 https://padlet.com/matthew_smith33/ucvd5bz1aeli/wish/290256740 In finance and accounting, capital generally refers to financial wealth]]> 2018-10-08 12:28:39 UTC https://padlet.com/matthew_smith33/ucvd5bz1aeli/wish/290256740 economic systems matthew_smith33 https://padlet.com/matthew_smith33/ucvd5bz1aeli/wish/290257989 market, command, traditional, mixed]]> 2018-10-08 12:31:39 UTC https://padlet.com/matthew_smith33/ucvd5bz1aeli/wish/290257989 market matthew_smith33 https://padlet.com/matthew_smith33/ucvd5bz1aeli/wish/290258277 A market is one of the many varieties of systems, institutions, procedures, social relations and infrastructures whereby parties engage in exchange]]> 2018-10-08 12:32:30 UTC https://padlet.com/matthew_smith33/ucvd5bz1aeli/wish/290258277 command matthew_smith33 https://padlet.com/matthew_smith33/ucvd5bz1aeli/wish/290258857 where the government, rather than the free market, determines what goods should be produced]]> 2018-10-08 12:34:06 UTC https://padlet.com/matthew_smith33/ucvd5bz1aeli/wish/290258857 traditional matthew_smith33 https://padlet.com/matthew_smith33/ucvd5bz1aeli/wish/290261500 in which traditions, customs, and beliefs help shape the goods]]> 2018-10-08 12:39:51 UTC https://padlet.com/matthew_smith33/ucvd5bz1aeli/wish/290261500 mixed matthew_smith33 https://padlet.com/matthew_smith33/ucvd5bz1aeli/wish/290266615 both the private enterprise and a degree of state monopoly]]> 2018-10-08 12:49:37 UTC https://padlet.com/matthew_smith33/ucvd5bz1aeli/wish/290266615 ppc curve matthew_smith33 https://padlet.com/matthew_smith33/ucvd5bz1aeli/wish/290267905 is the possible tradeoff of producing combinations of goods with constant technology and resources per unit time]]> 2018-10-08 12:52:30 UTC https://padlet.com/matthew_smith33/ucvd5bz1aeli/wish/290267905 matthew_smith33 https://padlet.com/matthew_smith33/ucvd5bz1aeli/wish/290268308
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