Chapter 2 - Resource Utilization

1		The central figure in the American economy is the .
2		In addition to having more and better labor and capital, our economic growth rate is driven largely by .
3		A person who is working at a job that does not fully utilize her education and training is .
4		If you had $100 to spend and your first choice was a jacket, your second choice was a pair of shoes, and your third choice was a wrist watch, what would be the opportunity cost of buying the jacket?
5		When there is a recession we are operating our production possibilities frontier.
6		The central fact of economics is .