Economics Terms
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Economics Terms 2
Latest content Economics Terms
Economics Terms (correct answers)
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Scarcity correct answers the limited nature of society's resources Economics correct answers the study of how society manages its scarce resources Efficiency correct answers the property of society getting the most it can from its scarce resources Equity correct answers the property of distributing economic prosperity fairly among the members of society Opportunity cost correct answers whatever must be given up to obtain some item Market economy correct answers an economy that al...
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Economics Terms•Economics Terms