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Econ 101 UBC Exam Test Questions and Answers Rated A
NewEcon 101 UBC Exam Test Questions and Answers Rated A 
decision 
Scarity our inhibility to get all we need 
a reward that encourages an action or a penalty that dis- 
courages one 
factors of production resources used to produce goods and services 
What are the factors of production? land, labor, capital, entrepreneurship 
the expansion of international trade, borrowing, and lend- 
ing, and investment 
Information Revolution the technological change of the past forty years 
• A choice is a tra