Allocation is concerned with how we choose to use our scarce resources on ___________________.

All other things being equal, an increase in supply results in a(n) _____

Capital accumulation is the _____, including _____ capital.

Human capital is the improvement in ________ created by ________.

If an entity can exist apart from one or more related entities, it is said to be ____-independent.

If output is three units, then mr>mc>avc and output should be _________ .

Command economy is an economy in which the _____ uses central planning to coordinate most economic activities.

Capital intensive are _____ that uses a large amount of capital

Items we value or desire that we can reach out and touch are called

Specializing is Concentrating on the production of _____ Goods

Services are ______ items of value provided to consumers