Alone on an island, Crusoe doesn't want to be hungry or thirsty. These are his ______________(starts with p)

You earned 10 pieces of candy for answering questions in class. You will eat 5 today, and _ _ _ _the others for tomorrow.

Preferences are the total of all utility of everyone in society.

change in satisfaction from using or having an additional unit of something

Economics is a _ _ _ _ _ _ science

Gifts of nature, such as coconuts, fresh water, and vines .

20 candies per month is my usual _ _ _ _ _ _in Economics class.

An individual's preferences are unique to him or her.

This is labor performed for someone

Governments and other large organisations are made up of _ _ _ _ _ _ _ _ _ _ _ acting on their own preferences

He can't go fishing and collect coconuts at the same time. This is an example of a......

Ms. Grande trades 5 pineapple candies to Ms. Swift for 8 orange candies. This is an example of _ _ _ _ _

Preferences show a ranking of goals.

Output produced per unit of time

Economists often use this word to describe how much value a person gets from a good or service

If his shelter burned down, Crusoe would save his only gold watch instead of 1 more coconut, out of 50 the saved to eat. What principle can we use to explain this?

I want to taste something sweet. I eat a candy. This is _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Two peoples different preferences can be combined.

A stable situation after all changes are finished

This school of economics says governments should spend more money than they receive in revenue when the economy isn't growing quickly enough.

He could catch 1 fish every 4 hours or pick 14 coconuts in the same amount of time. He chooses to go fishing. What is the opportunity cost?

The method of making a straight line between two candies could be an _ _ _ _ _ in a geometry book

All individuals' preferences can be measured on standard scale.

A forecast of the future

(True or False) Government laws are more powerful than economic laws.