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the line on a production possibilities graph that shows the maximum possible output for a specific economy. Adam Smith. classic economist that believed the market could regulate itself. Study with Quizlet and memorize flashcards containing terms like Economics, Horizontal Merger, Vertical Merger and more.
Economics. The study of how people seek to satisfy their needs and wants by making choices. Economy. a system used to manage limited resources for the production, distribution, and consumption of goods and services. positive economics. the branch of economics that uses objective analysis tp find out how the world works.
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The profit realized when an investment is sold at a price that is higher than the purchase price; the financial gain when a stock is sold at a profit. A steady rise in the stock market. A steady drop in the stock market. The money that stock owners earn when a corporation makes a profit. The portion of corporate profits paid out to shareholders.
Economics is the scientific study of the means of producing and distributing goods and services so that they may be consumed by others. Production. Production is the creation of a good or service that has value to another individual. Inflation. a general increase in prices and fall in the purchasing value of money.
a measure of employment and labor utilization in the economy that looks at how well the labor force is being utilized in terms of skills, experience, and availability to work
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