Economic models are built from words, diagrams, and/or mathematical equations.
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Q9: If the U.S. is operating at a
Q10: As a factor of production, capital includes
Q11: Entrepreneurship is a special type of labor
Q12: The 4 factors of production are land,
Q13: Economists believe people can make better choices
Q15: A rational person will refrain from taking
Q16: The law of increasing opportunity costs is
Q17: If the supply of resources increases in
Q18: Economics is first and foremost the study
Q19: According to the "economic way of thinking,"
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