A shortage occurs when:

When making a decision, the next best alternative is called:

An additional amount of effort, expense, or time incurred from undertaking an action... is called:

Avoiding an action because the cost is too high... is known as:

All economic questions are answered by the central government in:

Setting economic goals:

Social Security and unemployment benefits are two examples of:

Not getting sick since others are vaccinated... is an example of:

An economic system works well when there is:

When countries utilize specialization:

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