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people have unlimited wants but resources are limited
(also called an index) a series of index numbers with a fixed time period; such as a year or a...
predicting the future path of a variable such as the business cycle on the basis of how it has...
the process by which a firm decides on the level of production and the price that will create...
the reduction in the quality of the land; the vegetation cover and soil moisture caused by the...
total variable cost of production divided by the output of production