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Start studying Economics Chapter 1-- Scarcity and the Factors of Production. factors of productions . Economics Chapter 1 Key Terms Review 24 terms. Start studying Econ Ch 1 S1 Scarcity and the Factors of Production. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Land, labor, and capital make up the factors of production . Reviewing Key Terms Answer each of the following questions.kin-'. 18 Chapter 1 Guided Reading and Review . but there may be more than one Economic concept necessitating choices and priorities in any society: scarcity-resources are limited 3. supply the Chapter 1 Guided Reading Section 1: Scarcity and the Factors of Production A. As you Read: Supply in the space provided an explanation an economist might NAME CLASS DATE Setin 1: Guided Reading and Review Sarity and the Fatrs f Prdutin As yu Download "Scarcity and the Factors of Production" Pssible answers belw Main Idea: Trade-ffs are alternatives that peple give up when they hse CHAPTER. GUIDED READING AND REVIEW. Scarcity and the factors of Production Directions: As you read Section 2, answer the questions under each mainScarcity and the Factors of Production (z Chapter 1 Section 1: Guided Reading and Review Write the letter of the correct answer in the blank provided. 5. Scarcity and the Factors of Production. A. As You F c. E o-. @. (2 Ghapterl Section t: Guided Reading and Review Answer each of the following questions. 7. 2 NAME CLASS DATE Section 1: Quiz Scarcity and the Factors of Production A. Key 3 NAME C~SS DATE Section 2: Guided Reading and Review Opportunity Cost A. As B. Reviewing Key Terms Answer each of the following questions. 7.
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