Scarcity and the Science of Economics

Is the condition that results from society not having enough resources to produce all the thing s people would like to have:

Something we would like to have but is nor really necessary for survival el called:

A basic requirement for survival, such as food, clothing, and shelter, is calle:

The accumulation of products that are tangible, are scarce, have utility, and are transferable from one person to another is called:

A tangible economic product that is useful, transferable to others, and used to satisfy wants and needs is called:

A work of labor performed for someone; economic product that includes haircuts, home repairs, and forms of entertainment is called:

Some necessities, such as water, have a very low monetary value and in the other hand some nonnecessities, such as diamonds, have a very high value. This contradiction is called:

The ability of capacity of a good or service to be useful and give satisfaction to someone is called:

The monetary worth of a good of service as determined by the market is called:

The social science dealing with how people satisfy seemingly unlimited and competing needs and wants with the careful use os scarce resources is called (a)