The given 'economic terms' are correctly matched with their descriptions as follows:
1). There are limited resources to satisfy all of society's wants. - Scarcity
2). Comparison of the benefits and costs of engaging in an activity. - Trade-off
- 'Economy' is characterized as the domain that 'studies the production of goods with limited resources, its distribution across the distinct regions, and its consumption by the individuals.'
- In the economic context, 'scarcity' is defined as the situation that arises due to the limited available resources for producing goods while having unlimited demand for them.
- While 'trade-off' stands for the situation in which 'the benefit caused by one good is given up or decreased for buying another good or take its benefits.'
- Thus, it aims to establish a balance among the benefits, as well as, price of the two. Hence, they would be matched as shown above.
Explanation:
Learn more about 'economic term' here:
brainly.com/question/8090497