https://padlet.com/ritceava2023/zv8dksloc3wfrp25 Topics 1 & 2 en-us 2021-10-08 12:48:41 UTC 2021-10-08 13:22:18 UTC hello@padlet.com ritceava2023 https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802444536 the principle that limited amounts of goods and services are available to meet unlimited wants]]> 2021-10-08 12:55:13 UTC https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802444536 ritceava2023 https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802448502 the resources that are used to make goods and services]]> 2021-10-08 12:57:08 UTC https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802448502 ritceava2023 https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802451916 the act of giving up one benefit in order to gain another, greater benefit]]> 2021-10-08 12:58:47 UTC https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802451916 ritceava2023 https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802454505 the most desirable alternative given up as the result of a decision]]> 2021-10-08 13:00:02 UTC https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802454505 ritceava2023 https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802457215 a decision-making process in which you compare what you will sacrifice and gain by a specific action]]> 2021-10-08 13:01:20 UTC https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802457215 ritceava2023 https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802461656 a graph that shows alternative ways to use a country’s productive resources]]> 2021-10-08 13:03:27 UTC https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802461656 ritceava2023 https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802464157 the use of resources in such a way as to maximize the output of goods and services]]> 2021-10-08 13:04:41 UTC https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802464157 ritceava2023 https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802465832 the use of fewer resources than an economy is capable of using]]> 2021-10-08 13:05:28 UTC https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802465832 ritceava2023 https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802472405 an economic system in which decisions on the three key economic questions are based on voluntary exchange in markets]]> 2021-10-08 13:08:24 UTC https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802472405 ritceava2023 https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802474252 an individual’s own personal gain]]> 2021-10-08 13:09:09 UTC https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802474252 ritceava2023 https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802477135 the power of consumers to decide what gets produced]]> 2021-10-08 13:10:21 UTC https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802477135 ritceava2023 https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802481294 an economic system in which the government makes all decisions on the three key economic questions]]> 2021-10-08 13:12:08 UTC https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802481294 ritceava2023 https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802486798 a range of economic and political systems based on the belief that wealth should be distributed evenly throughout a society]]> 2021-10-08 13:14:30 UTC https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802486798 ritceava2023 https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802489553 a political system in which the government owns and controls all resources and means of production and makes all economic decisions]]> 2021-10-08 13:15:42 UTC https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802489553 ritceava2023 https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802493443 the doctrine that government generally should not intervene in the marketplace]]> 2021-10-08 13:17:21 UTC https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802493443 ritceava2023 https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802495189 economic system that has some market-based elements and some level of government involvement]]> 2021-10-08 13:18:07 UTC https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802495189 ritceava2023 https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802498692 the principle that anyone can compete in the marketplace]]> 2021-10-08 13:19:41 UTC https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802498692 ritceava2023 https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802500081 the concerns of society as a whole]]> 2021-10-08 13:20:17 UTC https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802500081 ritceava2023 https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802502980 a shared good or service for which it would be inefficient or impractical to make consumers pay individually and to exclude those who did not pay]]> 2021-10-08 13:21:26 UTC https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802502980 ritceava2023 https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802505049 an economic side effect of a good or service that generates benefits or costs to someone other than the person deciding how much to produce or consume]]> 2021-10-08 13:22:18 UTC https://padlet.com/ritceava2023/zv8dksloc3wfrp25/wish/1802505049