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Econ Quiz

Select the Definition that corresponds to the displayed Term.
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1. Opportunity cost




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2. Wants




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3. Natural resource




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4. Scarcity




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5. Resource




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6. Economics




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7. Entrepreneurship




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8. Division of labor




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9. Factors of production




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10. Manager




Select the Term that corresponds to the displayed Definition.
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11. all combinations of goods and services that can be produced from a fixed amount of resources in a given period of time




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12. when a person, country, or region works on making one part of an item




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13. Work




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14. an item people buy such as a car, television or bed




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15. something that is necessary to remain alive




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16.  a large collection of information stored on a computer




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17. things of worth machines,buildings, tools, and money




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18. the act of deciding on and selecting what is wanted most




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19. the amount of goods and services workers can produce in a given time




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20. work done for other people for a fee





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