Economics is ………….(1) study of how individuals and nations make choices about how to use scarce resources to fill their need and wants. A resource is ………………(2) that people can use to make or obtain …………….(3) they need or want. You may be asking yourself……………….(4) this point how economics will help you, a student. Also may be wondering how scarce resources is the problem………..​(5) a nation like the United State that has such abundant resources. It may surprise you to know that many of the decisions you will face as a citizen deal with …………………(6) the government should use its resources. Learning economic ​……(7) can help you make decisions about candidates for political office, political and social ………….(8),​and the goal of the government should set for itself, such as how to spend government revenues. Many people are familiar with the benefits of government programs such as job …………..(9) and Medicare, but how many people are aware of the costs of programs? Economics can help you to understand ​…………….(10) costs and benefits, therefore, help you to make better decisions.