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___________ is the conflict between unlimited desires and limited resources. In other words, there are not enough resources for everyone to have everything they need and want.
The oven the master chef uses to prepare food
Traditional
Traditional
Quota
Economics
Where will we locate the government?
Market
Scarcity
_____________ is the study of how a person or a group of people manage their available resources.
The oven the master chef uses to prepare food
Traditional
Traditional
Quota
Economics
Where will we locate the government?
Market
Scarcity
I love having the freedom to open my own business. It may not be successful, but at least I can try to make myself wealthy.” The previous statement was most likely made by a person living in a country with a ___________________________ economy.
The oven the master chef uses to prepare food
Traditional
Traditional
Quota
Economics
Where will we locate the government?
Market
Scarcity
Which of the following would be an example of physical capital?
The oven the master chef uses to prepare food
Traditional
Traditional
Quota
Economics
Where will we locate the government?
Market
Scarcity
__________ economy, hunting, gathering, farming would be the main ways that most people would produce the goods they need to survive.
The oven the master chef uses to prepare food
Traditional
Traditional
Quota
Economics
Where will we locate the government?
Market
Scarcity
Which of the following is NOT a question an economic system use by people must answer?
The oven the master chef uses to prepare food
Traditional
Traditional
Quota
Economics
Where will we locate the government?
Market
Scarcity
A(n) _______________ is when a government places a limit on the amount of imported goods that can come into the country.
The oven the master chef uses to prepare food
Traditional
Traditional
Quota
Economics
Where will we locate the government?
Market
Scarcity
I live in a hut that I made from wood that my family gathered from the nearby forest. I spend most of my days fishing to have something to barter with in my small village and to feed my family.” The type of economy is _______________.
The oven the master chef uses to prepare food
Traditional
Traditional
Quota
Economics
Where will we locate the government?
Market
Scarcity
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