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What occurs when a nation's total output of goods and services increases over time?
become better decision makers.
labor.
economic interdependence.
trade offs
Gross Domestic Product (GDP).
the production possibilities frontier.
economic growth
capital goods
What are the alternative choices made by consumers in the marketplace called?
become better decision makers.
labor.
economic interdependence.
trade offs
Gross Domestic Product (GDP).
the production possibilities frontier.
economic growth
capital goods
What factor of production describes people with all their efforts, abilities, and skills?
become better decision makers.
labor.
economic interdependence.
trade offs
Gross Domestic Product (GDP).
the production possibilities frontier.
economic growth
capital goods
The study of economics is important because it enables us to
become better decision makers.
labor.
economic interdependence.
trade offs
Gross Domestic Product (GDP).
the production possibilities frontier.
economic growth
capital goods
A popular model used to illustrate the concept of opportunity cost is
become better decision makers.
labor.
economic interdependence.
trade offs
Gross Domestic Product (GDP).
the production possibilities frontier.
economic growth
capital goods
Actions in one part of the country or world that have an economic impact on what happens elsewhere are examples of
become better decision makers.
labor.
economic interdependence.
trade offs
Gross Domestic Product (GDP).
the production possibilities frontier.
economic growth
capital goods
The dollar value of all final goods and services and the most comprehensive measure of a country's total production output is
become better decision makers.
labor.
economic interdependence.
trade offs
Gross Domestic Product (GDP).
the production possibilities frontier.
economic growth
capital goods
Manufactured goods needed to produce other goods and services are called
become better decision makers.
labor.
economic interdependence.
trade offs
Gross Domestic Product (GDP).
the production possibilities frontier.
economic growth
capital goods
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