| A | B |
|---|
| A person who purchases and uses goods and services. | Consumer |
| A measure of how well people in a country live. | Standard of Living |
| The greatest proportion of consumer income. | Shelter |
| Desirable beliefs and principles. | Values |
| The quantity of a good that an average worker can produce in an hour. | Productivity |
| The person taking risks in order to make a profit. | Entrepreneur |
| Anything that people use to make or obtain what they need or want | Resource |
| the basic economic problem of unlimited wants and limited resources. | Scarcity |
| What you give up when you make one choice instead of another. | Opportunity Cost |
| Examples would be buildings, machines, and automobiles. | Capital Resources |
| Examples would include teachers, Marines, and bank tellers. | Human Resources |
| Examples would include water, air, and oil. | Natural Resouces |
