capital, natural resources, Product market Revenue Products Households Firms Wages, interest, rent. Resources Income Resource market entrepreneurial ability Goods and services Expenditure GAGE LEAPINING 201S

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter2: Choice In A World Of Scarcity
Section: Chapter Questions
Problem 12RQ: Why is a production possibilities frontier typically drawn as a curve, rather than a straight line?
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capital, natural resources,
Look at the image below and give desrciption of your understanding of what it represents in our economy:
Product
market
Revenue
Products
Households
Firms
Income
Resources
Resource
market
Microsofft Ede
entrepreneurial ability
Goods and services
Expenditure
AGE LEAPINING 2015
Transcribed Image Text:capital, natural resources, Look at the image below and give desrciption of your understanding of what it represents in our economy: Product market Revenue Products Households Firms Income Resources Resource market Microsofft Ede entrepreneurial ability Goods and services Expenditure AGE LEAPINING 2015
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