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3
|
To maximize resources, options should be chosen only when the marginal benefits exceed the ___
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5
|
Implications for how societies work
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6
|
Monetary and ___ factors influences incentives
|
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7
|
The choices between the consumer and producer invoves ___
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8
|
When the payoff derived from a choice ___, people will be more likely to chose it
|
|
9
|
Tools, machines, and buildings
|
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10
|
Education, skills, training, and experience of workers
|
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11
|
Improvements in ___ spur economic progress
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13
|
Economists refer all costs as ___
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|
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1
|
All choices are made at the ___
|
|
2
|
Productive resources are ___ on the planet
|
|
4
|
Changes in benefits and costs will influence choices in a predictable manner
|
|
12
|
Trade moves goods from people who value them less than people who value them ___
|
|
14
|
Human desire for goods and services is ___
|
|
15
|
Economics progress comes mainly from ___
|
|
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