| Economic Concepts |
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What is the term that means not having enough resources to meet wants and needs?
Scarcity
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What is the term that means there is a cost to everything, nothing is free?
TINSTAAFL
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What are the 3 basic questions of
What to produce, How to produce, and for whom to produce?
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What is the term that means the dollar value of all final goods,services, and structures produced within a country's borders called?
GDP (Gross Domestic Product)
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