Submit as a PDF upload Canvas Assignment.) ; Ch. Start studying Economics Chapter 1 vocabulary. the physical objects that someone produces. 1: Factors of Production; Ch. Economics Chapter 01: What is Economics?. 2: Opportunity Cost; Ch. Ch. 01 Sec. services. Economics - The social science concerned with how individuals, institutions, and society make optimal (best) choices under conditions of scarcity. Here are links to all the chapters of Unit 1, Business in the Global Economic Environment: Chapter 1, Chapter 2, Chapter 3, Chapter … goods. economics a basic requirement for survival need something we would like to have want Study Economics Chapter 1 Vocab Flashcards at ProProfs - vocab words/ terms need. Quickly memorize the terms, phrases and much more. 01 Sec. Scarcity > Limited quantities of resources to meet unlimited want; not enough to go around. something essential for survival. Study 87 Economics Unit 1: Chapters 1-3 Vocabulary flashcards from Carly N. on StudyBlue. 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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