The Basic Economic Problem

Question 1

Wants

Answer 1

Desires for goods and services. 对商品和服务的需求。

Question 2

Resources

Answer 2

factors used to produce goods and services.

用于生产商品和服务的因素。

Question 3

The Economic Problem

Answer 3

Unlimited wants exceeding finite resources.

无限想要超出有限的资源。

Question 4

Scarcity

Answer 4

A situation where there is not enough to satisfy everyone’s wants.
无法满足每个人的需求的情况。

Question 5

Economic Good

Answer 5

A product which requires resources to produce it and therefore has an opportunity cost.
一种需要资源来生产它的产品，因此具有机会成本。

Question 6

Free Good

Answer 6

A product which does not require any resources to produce it and therefore does not have an opportunity cost.
不需要任何资源即可生产的产品，因此没有机会成本。

Question 7

Factors of Production

Answer 7

the economic resources of land, labour, capital, and enterprise.
土地，劳动力，资本和企业的经济资源。

Question 8

Land

Answer 8

gifts of nature available for production.

可生产的自然礼物。

Question 9

Labour

Answer 9

the human effort used in producing goods and services.

用于生产商品和服务的人力。

Question 10

Capital/Capital Goods

Answer 10

human-made goods used in production.

生产中使用的人造商品。

Question 11

Consumer goods

Answer 11

goods and services purchased by households for their own satisfaction.
家庭为自己满意而购买的商品和服务。

Question 12

Enterprise

Answer 12

risk-bearing and key decision-makers in the business.

风险承担和关键决策者的业务。

Question 13

Occupationally Mobile

Answer 13

the ease of movement of resources between jobs.

工作之间的资源流动的易用性。

Question 14

Geographically immobile

Answer 14

refers to barriers people moving from one area to another to find work.
是指人们从一个地区到另一个地区寻找工作的障碍。

Question 15

Mobility of Labour

Answer 15

the ability of labour to change where it works or in which occupation.
劳动改变工作地点或职业的能力。

Question 16

Mobility of Capital

Answer 16

the ability to change where capital is used or in which occupation.
改变资本使用或职业的能力。