ANSWERING THE THREE ECONOMIC
QUESTIONS
Practice questions for this set
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economic concept necessitating choices and priorities in any society.
Choose matching definition
1scarcity - resources are limited.
2inflation - prices are rising uncontrollably.
monopoly - one entity controls the entire
3abundance - resources are plentiful.
4market.
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Terms in this set (50)
three economic questions answered
economic concept necessitating
choices and priorities in any
society.
economic question answered by
basic social values and goals?
5 basic economic goals
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