Relacionar Columnas Economics L2 Key termsVersión en línea Key terms match up! por Martin Johannes Herben 1 Rational choice 2 Free resources 3 Efficient 4 Production Possibility Frontier 5 Opportunity cost 6 Allocation of resources 7 Capital good 8 Production possibility Curve (PPC) 9 Economic growth 10 Consumer good Good purchased by a household such as food, a car, furniture, etc. Cost of the next best alternative given up (when making a choice) Increase in the level of output by a country The choice by a country or an economy to use resources in a certain way. The ability to make a choice that is the best for you. Resources that don't have an opportunity cost because they can still be used for other things. For example, sunlight, CO2, oxygen. Being able to produce more with fewer resources. Another name for the PPC. Line that shows the different combinations of two goods an economy can produce if all resources are used up. A good purchased by a company and used to produce other goods such as a machine, a tool, or a piece of equipment.
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