demand.

investments in uncertainty.

choice when faced with scarcity.

money.

a traditional system

a market system

a command system

a mixed economy

reduces the slope of the production possibilities curve, making it shallower.

makes the production possibilities curve more bowed out.

shifts the production possibilities curve outward, away from the origin.

increases the slope of the production possibilities curve, making it steeper.

point N

point L

point D

point C

higher at A.

different at most points along the curve but equal at points A and B because they are equally distant from the axes.

higher at B.

the same at every point along the curve .

value of the best alternative forgone when the alternative at hand is chosen.

money cost plus interest on money borrowed to buy a good or service.

cost of the resources used to produce a good or service.

money cost of a good or service.

What to produce? How to produce it? For whom to produce it?

What to produce? How much to produce? When to produce it?

What to produce? How to produce it? When to produce it?

Where to produce? How much to produce? When to produce it?

the income that could have been earned by working.

the cost of textbooks.

the cost of meals.

the cost of tuition.

higher wages for workers

taking away the minimum wage

development of new machinery that can replace workers in certain fields

better benefits for workers, such as pension or medical aid