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