Refers to man made goods, such as tools, which are used to produce other goods

Individuals who are willing to take risks, to bring the resources together and develop new products, and start new businesses.

All the things used in producing goods, services, buildings, ideas

Opportunity cost is

Are: 1) What should I produce? 2) How much should I produce? 3) Who will buy the goods or services?

Which of the following is not an example of an increase in productivity?

Using markets as the primary means of organizing and coordinating production, is what type of system

What is the quantity of goods or services produced?

What is the measure of economic performance that indicates how efficiently inputs are converted into output?

The condition of scarcity exists because

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