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4 Written questions

3 Multiple choice questions

  1. the ration of output (goods and services) produced per unit of input (productive resources) over a period of time
  2. refers to all relatively permanent improvements made to land and money and investments
  3. Techniques used by businesses to gain more customers and to earn higher profits

3 True/False questions

  1. Comsumerspeople whose wants are satisfied by using goods and services


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


  3. partnershiptwo or more business owners