Please select the economic term that is best described in each of the following questions.
A- People have limited resources:
1-Entrepreneurship 2- Business Cycle 3- Margins 4- Recession 5- Trade offs 6- ScarcityYou have to give one thing up in order to consume another.
B- You have to give one thing up in order to consume another.
1-Recession
2-Budgeting
3-Tradeoffs
4-Scarcity
5-Margins
6-Financial Capital