II. Scarcity Means Making Choices
A. Scarcity exists because wants are unlimited and resources are limited.
which
B. Without enough resources to satisfy all of our wants, we must
wants we will satisfy.
III. Making Choices Means Incurring Opportunity Costs
A. Every
Bill we make has an opportunity cost.
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cost is the most valued alternative you give up to do something.
C. A trade-off is another way of thinking about an opportunity cost. A trade-off means that you
can get more of one good only by giving up another good.
IV. One Diagram, Three Economic Concepts
A. A(n)
possibilities frontier (PPF) shows all possible combinations of
two goods that an economy can produce in a certain time period. (See Exhibit 1-2 on page 10 of
your textbook.)

answer: economic globalization is the increasing economic integration and interdependence of national, regional and local economies across the world through an intensification of cross-border movement of goods, services, technologies and capital

sorry i do not know this

ww1 weapons: tank. tanks were used for the first time in the first world war at the battle of the somme. they were developed to cope with the conditions on the western front. the first tank was called 'little willie' and needed a crew of 3.

`stare decisis is a legal doctrine that obligates courts to follow historical cases when making a ruling on a similar current or future case. stare decisis ensures that cases with identical facts be approached in the same way, unless overruled by the same court or a higher court such as the us supreme court. simply put, it binds courts to follow legal precedents set by previous decisions.

stare decisis is a latin term meaning "to stand by that which is decided".