economics unit test review quizlet
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They are personally responsible for any and all debts the company has. answerland, labor, capital questionWhich of the following is a benefit that a business is likely to workers didn't work harder than the minimum requirement. Also explore over 274 similar quizzes in this category. ...increases demand, which may increase employment and production. There is also a study guide that the students can fill out in order to prepare them for the test. Quickly memorize the terms, phrases and much more. The goods and services that firms produce. Economics Unit 1 Assessment Education. The test comes with an answer key. ECONOMICS Unit 1 Review Sheet – “Introduction to Economics” Chapter 1: What is Economics? Economics Unit 1 Study Guide Cram.com makes it easy to get the grade you want! In other words, when resources are LIMITED and wants are UNLIMITED. D) Scarcity is only a problem for poor countries. 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This requires that choices be made, factors of production that are used in the production of goods and services, natural, human, capital, entrepreneurship, selection of an item or action from a set of possible alternatives, what is given up when a choice is made—i.e., the highest valued alternative is forgone.
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