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Підсумковий контроль
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What does “profit” mean in the phrase “the producer’s desire to make a profit”?
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Why might businesses reduce production?
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What does "scarce" mean in the context of economics?
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What does “efficient” mean in the phrase “only the most efficient producers can make a profit”?
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How do resource-poor countries cope with economic challenges?
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What does the law of demand state?
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What is the role of an entrepreneur in production?
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- What happens to prices of holiday items in January?
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What is the relationship between supply and price?
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What is an example of capital?
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