POB Midterm Review

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Cynthia closed her salon and now needs another way to earn income. Realizing this need is what part of the economic decision-making process

Pantene purchased new machines that will automatically squeeze the appropriate amount of shampoo into different bottles. What type of economic resources are the machines?

Parker\'s Bakery makes cakes as well as other baked goods. Which economic question does this address?

What are the three economic questions?

What are the types of economic resources?

An example of a value for a traditional economy is

The steps of economic decision making process are

Which is an example of consumers establishing demand