These facts provide evidence … Write. This quiz tests your knowledge on various aspects of economics - feedback is provided on your score for each question. D)scarcity. ADVERTISEMENTS: In this article we will discuss about the fundamentals of economics:- 1. Goods and services provided by the government that are non-rivalrous and non-excludable and cannot be withheld from those who don't pay for them. Match. Browse through all study tools. all the things used in producing goods and services, Limited quantities of resources to meet unlimited wants, Physical objects such as clothes or shoes, Actions or activities that one person performs for another, the act of giving up one benefit in order to gain another, greater benefit, the most desirable alternative given up as the result of a decision, the cost of producing one more unit of a good, decision making process comparing what one sacrifices and gains by a specific action, a graph that shows alternative ways to use an economy's productive resources, The line on a production possibilities graph that shows the maximum possible output an economy can produce, a thing that motivates or encourages one to do something, the dependence of two or more people or things on each other, wealth in the form of money or other assets owned by a person or organization, the activity of setting up a business or businesses, the state or quality of producing something, an increase in the amount of goods and services produced by the population over a period of time, the degree of wealth and material comfort available to a person or a community, the action or process of investing money for profits or material result.