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economics

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Term
Definition
show The degree of availability  
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show the study of production, distribution, and the consumption of goods and services  
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show the amount of a good or service that consumers are willing and are able to buy  
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scarcity   show
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show what you give up in order to get something  
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incentive   show
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market   show
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profit   show
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revenue   show
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specialization   show
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show general increase in prices  
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show an economy in which people make economic decisions based on their customs and beliefs  
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market economy   show
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command economy   show
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show an economy that combines elements of traditional, market, and command economic systems  
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show a country with a strong economy and a high standard of living  
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show countries with less-productive economies and lower standards of living  
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Gross domestic product (GDP)   show
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technology   show
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trade   show
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export   show
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imports   show
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tariff   show
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show a government policy or restriction that limits international trade  
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show the removal of trade barriers  
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show a plan that shows income and expenses over a period of time  
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interest   show
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show a share of ownership in a company  
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show a certificate issued by a company or government promising to pay back borrowed money with interest  
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domestic trade   show
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