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4 Written questions

3 Multiple choice questions

  1. the direct trading of goods and services between people without the use of money
  2. All resources used in producing goods and services for which owners receive payment
  3. 1 business owner

3 True/False questions

  1. Productivitythe ration of output (goods and services) produced per unit of input (productive resources) over a period of time


  2. competitionrefers to all relatively permanent improvements made to land and money and investments


  3. Comsumersany setting where buyers and sellers exchange goods, services, resources, and currencies