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4 Written questions

3 Multiple choice questions

  1. refers to all relatively permanent improvements made to land and money and investments
  2. any setting where buyers and sellers exchange goods, services, resources, and currencies
  3. Techniques used by businesses to gain more customers and to earn higher profits

3 True/False questions

  1. Barterthe direct trading of goods and services between people without the use of money


  2. Trade/exchangeTrading goods and services with people for other goods and services or money


  3. costs of productionAll resources used in producing goods and services for which owners receive payment


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