Study

Econ Unit 2 Day 1 Review

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  • This is output divided by input.
    Productivity
  • What is producing more and better goods and services?
    Economic Growth
  • This is equipment, tools, factories, inventories, and money.
    Capital Resources
  • What is when society provides its less fortunate members with the support that they need to live decently?
    Economic Security
  • What is it when society seeks to give all members their "fair share" of thee economic pie (as determined by those in charge)?
    Economic Equity
  • What is it when goods and services are there when we want them and prices are predicable?
    Economic Stability
  • What is when society makes the most of its resources?
    Economic Efficiency
  • What are land and all other gifts of nature called?
    Natural Resources
  • What is the ability to make your own economic decisions without interference from the government?
    Economic Freedom
  • This can be physical labor or mental activity.
    Human Resources