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Definition: things in nature that people find useful economics Natural resources economy Click here to go to the next question. Click here to go to the next question.

Definition: the study of how people use limited resources to produce goods and services that people want or need. economics Opportunity cost entrepreneur Click here to go to the next question. Click here to go to the next question.

Definition: Activities related to making trading and selling goods and services economy Limited resources economics Click here to go to the next question. Click here to go to the next question.

Definition: Goods that are used to produce more goods and services Human resources economy Click here to go to the next question. Click here to go to the next question. Capital resources

Definition: Workers and their skills capital resources fines human resources Click here to go to the next question. Click here to go to the next question.

Definition: someone who combines natural, human, and capital resources to produce goods or services economics fines entrepreneur Click here to go to the next question. Click here to go to the next question.

Definition: not enough of something so people have to make choices Limited resources specialization scarcity Click here to go to the next question. Click here to go to the next question.

Definition: There are only certain amounts of resources Limited resources Research and development scarcity Click here to go to the next question. Click here to go to the next question.

Definition: There is no end to the number of things people want and need Unlimited wants Limited resources fines Click here to go to the next question. Click here to go to the next question.

Definition : when you make a choice, your opportunity cost is the second thing you wanted most Opportunity Cost Opportunity Cost economy incentive Click here to go to the next question. Click here to go to the next question.

Definition: something used to get people to buy or produce a certain good or service Incentive Opportunity cost economy Click here to go to the next question. Click here to go to the next question.

Definition: differentways people use resources and produce goods and services Economic activities Agriculture Wind turbine Click here to go to the next question. Click here to go to the next question.

Definition: The making of goods in a factory Manufacturing agriculture tourism Click here to go to the next question. Click here to go to the next question.

Definition: another word for farming tourism tourist agriculture Click here to go to the next question. Click here to go to the next question.

Definition: an economic activity in which tourists visit an area and spend money. agriculture tourist tourism Click here to go to the next question. Click here to go to the next question.

Definition: a person who goes sight-seeing and spends money in a place away from where they live. Research and development tourist tourism Click here to go to the next question. Click here to go to the next question.

Definition: an economic activity where people produce ideas that lead to new or improved goods and services trade tourist Research and development Click here to go to the next question. Click here to go to the next question.

Definition: when individuals, regions, and countries produce certain kinds of goods or services. Research and development scarcity specialization Click here to go to the next question. Click here to go to the next question.

Definition: to exchange one thing for another Natural resources trade economy Click here to go to the next question. Click here to go to the next question.

Definition: when people are dependent on other people in order to get the things they do not produce. export trade interdependence Click here to go to the next question. Click here to go to the next question.

Definition: A good that people in one place send out to people in another place when they trade. export import interdependence Click here to go to the next question. Click here to go to the next question.

Definition: a good that people in one place bring in from another place when they trade Wind turbine import trade Click here to go to the next question. Click here to go to the next question.

Definition: a tall tower with blades that makes use of wind to create electricity Wind turbine import trade Click here to go to the next question. Click here to go to the next question.

Definition: a group of wind turbines in the same location manufacturing Economic activities Wind farm Click here to go to the next question. Click here to go to the next question.

Definition: goods and services that are produced and provided by a government Public goods and services license fees Click here to go to the next question. Click here to go to the next question.

Definition: something people pay to a government in exchange for being able to do a certain activity import fees export Click here to go to the next question. Click here to go to the next question.

Definition: a legal document giving you permission to do something license fees taxes Click here to go to the next question. Click here to go to the next question.

Definition: what people pay to a government for breaking a rule or a law fines license import Click here to go to the next question. Click here to go to the next question.

Definition: what people pay to a government in exchange for services like schools and road repair Capital resources tourism taxes Click here to go to the next question. Click here to go to the next question.