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What is the quantity of goods or services produced?
Productivity
Output
Market
Producing more output with more inputs
Natural Resources
Entrepreneurs
there aren't enough resources to produce everyone's wants.
Is what you give up when you make a choice;
Using markets as the primary means of organizing and coordinating production, is what type of system
Productivity
Output
Market
Producing more output with more inputs
Natural Resources
Entrepreneurs
there aren't enough resources to produce everyone's wants.
Is what you give up when you make a choice;
What is the measure of economic performance that indicates how efficiently inputs are converted into output?
Productivity
Output
Market
Producing more output with more inputs
Natural Resources
Entrepreneurs
there aren't enough resources to produce everyone's wants.
Is what you give up when you make a choice;
Opportunity cost is
Productivity
Output
Market
Producing more output with more inputs
Natural Resources
Entrepreneurs
there aren't enough resources to produce everyone's wants.
Is what you give up when you make a choice;
Individuals who are willing to take risks, to bring the resources together and develop new products, and start new businesses.
Productivity
Output
Market
Producing more output with more inputs
Natural Resources
Entrepreneurs
there aren't enough resources to produce everyone's wants.
Is what you give up when you make a choice;
Which of the following is not an example of an increase in productivity?
Productivity
Output
Market
Producing more output with more inputs
Natural Resources
Entrepreneurs
there aren't enough resources to produce everyone's wants.
Is what you give up when you make a choice;
The condition of scarcity exists because
Productivity
Output
Market
Producing more output with more inputs
Natural Resources
Entrepreneurs
there aren't enough resources to produce everyone's wants.
Is what you give up when you make a choice;
All the things used in producing goods, services, buildings, ideas
Productivity
Output
Market
Producing more output with more inputs
Natural Resources
Entrepreneurs
there aren't enough resources to produce everyone's wants.
Is what you give up when you make a choice;
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