Column A1.What does supply mean?2.What does demand mean?3.What are "wants"?4.What is a "good"?5.What are "services"?6.What is economics?7.What are resources?8.What are natural resources?9.What is "labor"?10.What is "capital"?11.What is 'scarcity"?12.Traditional economy13.market economy14.command economy15. mixed market economy16.trade-off17. opportunity costColumn Ba. the study of how people choose to use their limited resources to satisfy their unlimited wantsb. has elements of all 3 economiesc.the amount of something that is availabled.the cost of the next-best use of your money or time when you choose to do one thing rather than anothere. work that is done for us f.buildings and toolsg.planners who work for the government answer the questionsh. the economic questions are answered on the basis of habit or customi.individuals and businesses own the resources used to provides goods and servicesj.workers and their abilitiesk.occurs whenever we do not have enough resources to produce all of the things we would like to havel.giving up one alternative good or service for anotherm. the nation's land and all of the materials nature provides that can be used to make goods or servicesn. desires that people have that can be met by getting a product or a serviceo. things that we can touch or holdp. the things that can be used in making products or services that people wantq. how much people want of something