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Economics Vocabulary Quiz 1

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Questions	Answers
not having enough of something	scarcity
only having a certain amount of resources	limited resources
no end to how many things people want and need	unlimited needs
people and the skills and knowledge they bring to their work	human resources
materials from nature, such as trees or water, that people use	natural resources
things that are used to produce goods and services	capital resources
the thing you give up when you choose something else	opportunity cost