Chapter+1

ECON HW Read Pgs. 12-18 #1-16 skip #8 on pg. 20-21 B. scarcity of cleanliness and democracy C. probably income and money 11. 3 pieces of important information from a production possibilities graph: categories of food, numbers and year. 12. The law of increasing costs states that as production shifts from one item to a second item, more and more resources are necessary to increase production of the second term. 13. Building that would help create jobs for people but at the time it doesn’t really save money because it costs a lot of money to create. 14. Medicare- needs generation of a lot of money, Social Security- same as Medicare, Food Stamps [WIC] – generation of money 15. I agree with the one who says that it’s the 4 th factor because they do create jobs and all of the have a good or service to offer so it’s all there. 16. #1 whether to wear converse or chanclas. I chose chanclas. Opportunity cost: they looked nice but it was hella cold.
 * 1) Scarcity
 * 2) Trade-off
 * 3) Land
 * 4) “guns or butter”
 * 5) Opportunity cost
 * 6) Entrepreneur
 * 7) Underutilization
 * 8) SKIPPED!
 * 9) Scarcity always exists because our needs and wants are always greater than our resource supply. Goods and services are scarce because they are all made from resources that are scarce.
 * 10) A. scarcity about food and jobs.
 * 1) 2 Whether to clean the house so I could go shopping later. I chose to clean but in the end I wasn’t allowed to go ):
 * 2) 3 Help my mom cook or do homework. I chose homework so I can get it out of the way so I don’t have to worry about it tomorrow or the next day because of work.