Terms of Economics....define and draw

1.HW:  Use Chapter sec 2

 

2.Define in your own words: make a symbol for each

 give an example for each:  

 

p. 6 scarcity

3.p. 13  Value,  paradox of value

1.

p. 13 Utility 

p. 14  Wealth

p. 19  TRADE OFF