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What is an economy? The wealth and resources of a country or region. What is economics? It is the study of how people choose to use resources. What are the three economic resources? Land, labor, and capital. Name two of the three economic questions. What goods and services should be produced?
22 hours ago · Martinique is the 3rd largest island in The Lesser Antilles after Trinidad and Guadeloupe. It stretches 70 km (43 mi) in length and 30 km (19 mi) in width. The highest point is the volcano of Mount Pelée at 1,397 m (4,583 ft) above sea level. There are numerous small islands, particularly off the east coast.
22 hours ago · Econ 103 Chapter 6. 1) The two topics of primary concern in macroeconomics are: A. short-run fluctuations in output and employment and long-run economic growth. B. unemployment and wage rates in labor markets. C. monopoly power of corporations and small business profitability. D. oil prices and housing markets.
22 hours ago · Study with Quizlet and memorize flashcards containing terms like What are the three basic economic questions that all societies/economies must answer, "For whom?", "What to produce?" and more.
22 hours ago · Study with Quizlet and memorize flashcards containing terms like When the federal government crafts environmental policies that make it less expensive for firms to follow green initiatives, A. the policies are consistent with economic incentives.
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Study with Quizlet and memorize flashcards containing terms like A legal system that protects private property and enforces contracts in an even-handed manner helps promote economic growth because it Select one: a. encourages people to use resources now rather than conserving them for the future.
