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4 Written questions

3 Multiple choice questions

  1. any setting where buyers and sellers exchange goods, services, resources, and currencies
  2. refers to all relatively permanent improvements made to land and money and investments
  3. the ration of output (goods and services) produced per unit of input (productive resources) over a period of time

3 True/False questions

  1. Trade/exchangetwo or more business owners


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


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