What is the economic term for the basic condition that exists when unlimited wants are greater than the limited productive resources?

Price, force, and first-come first-served... are examples of:

Studying for a test instead of going to a party... is an example of:

Decisions are considered rational if the marginal benefit is:

Economists believe that individuals, governments, and businesses respond to incentives in:

All governments have:

Public goods are generated from:

Deeds, business licenses, and copyrights are all examples of:

Market power exists when:

Productivity is the ratio of:

When voluntary trade occurs:

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