___ forces us to make decisions on how best to use our limited resources.
We attempt to maximize our ___ using our resources.
___ choices are more likely to bring happiness.
While economics is known as the "___ Science," it is actually the study of happiness.
Economists use "___" as the measure of happiness.
Utility varies with the ___ of the individual, organization, or society. What pleases one person may be distasteful to another.
___ is the study of how to squeeze the most happiness from limited resources.
A simplified explanation in economics is known as an economic ___.
The first question in economic decision-making is "How ___ will each possible choice make us?"
The second question in economic decision-making is "How is each choice limited and what ___ are involved?"
The third question in economic decision-making is "Which ___ gives us the most happiness?"
The fourth question in economic decision-making is "Which choice provides the most happiness with the least ___ trade-offs?"