When doing research, economists _______

When a business is calculating its operating costs, it must include _____.

When a company retains a product but reduces marketing costs, it is referred to as __________.

A period of strong economic growth tends to make a __________________.

A monopolist's goal is to maximize _____.

A person ________ be cheaply prevented from using national defense, a(n) ________ good.

Economic goods are goods that are desirable but ____ in supply.

______advantage that occurs when a person, a region, or country can produce a good or service at a lower opportunity cost than others.

The equipment and structures used to produce goods and services is called _____.

Bads are Items that we do not desire or want such as terrorism, smog, or poison

Theories and models are simplified versions of the _____used to explain and predict behavior.