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What type of resources are people who can get a business going?
natural
scarcity
opportunity cost
choice
entrepreneurs
unlimited
capital goods
all of the choices
What is the term for the SECOND CHOICE - the choice you give up when you choose an item or action?
natural
scarcity
opportunity cost
choice
entrepreneurs
unlimited
capital goods
all of the choices
Resources and goods are limited, but human wants are ____.
natural
scarcity
opportunity cost
choice
entrepreneurs
unlimited
capital goods
all of the choices
What type of resources are tools, machinery, buildings, and trucks?
natural
scarcity
opportunity cost
choice
entrepreneurs
unlimited
capital goods
all of the choices
Who has to deal with scarcity and choice?
natural
scarcity
opportunity cost
choice
entrepreneurs
unlimited
capital goods
all of the choices
What type of resources are water, trees, land, wheat, iron, and oil?
natural
scarcity
opportunity cost
choice
entrepreneurs
unlimited
capital goods
all of the choices
Which word means selecting an item or an action from a set of all the possible alternatives?
natural
scarcity
opportunity cost
choice
entrepreneurs
unlimited
capital goods
all of the choices
Which word means that there is never enough to match the total of what everyone wants?
natural
scarcity
opportunity cost
choice
entrepreneurs
unlimited
capital goods
all of the choices
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