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Chapter 1: Limits, Alternatives and Choices Terms and Concepts 1. Cram.com makes it easy to get the grade you want! 01 Sec. something that people desire but that is not necessary for survival. Study Flashcards On Economics:Chapter 1 Vocabulary at Cram.com. Economics Chapter 1 Vocabulary Test Questions. Name > Leslie Marte - Perez Date > 1/15/21 Class-Per > 2 Chapter 1 Vocabulary Assignment (Use your Reading Assignment to give an economic definition or an example for each. Economics Chapter 1 Crossword - WordMint This crossword contains the following questions and answers: condition that results from not having enough resources to produce all the things we would like to have scarcity The study of how people try to satisfy seemingly unlimited and competing needs and wants. Learn vocabulary, terms, and more with flashcards, games, and other study tools. 25 terms, 20 points 1. 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