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  1. 2. gifts of nature available for production
  2. 3. something that fulfills a need, often not a physical object (banking, teachers, policemen)
  3. 5. the cost of the next best alternative
  4. 6. the desires that people have that are not necessary for their existence/ luxuries
  5. 7. items that are needed/ useful for consumption or the production of other items
  6. 8. a curve that represents possible output if the factors of production are used efficiently
  1. 1. goods provided by the government that everybody benefits from (street lighting)
  2. 4. limited availability of resources not enough to satisfy all the wants