Study of how people try to satisfy their needs and wants through the use of limited resources b. people with all their efforts, abilities, and skills c. condition of not having enough resources to produce all the things people want d. worth that can be expressed in dollars and cents e. item that is economically useful or that satisfies an economic want f. alternative choices made by consumers in the marketplace g. quality of life based on the possession of the necessities and luxuries that make life easier h. sum of those economic products that are tangible, scarce, useful, and transferable i. cost of the next best alternative use of money, time, or resources when one choice is made rather than another j. tools, equipment, machinery, and factories used in the production of goods and services?