Could you please check the definition that matches with the term.
Here are the terms:
free enterprise
Economics
trade-off
economic models
market econonmy
total costs
wants
marginal benefit
fixed costs
rational choice
Here are the definitions
study of the production, distribution, and consumption of goods and services.
Answer: economics
theories economists use in their work
Answer: economic models
exchanging one thing for the use of another
Answer: trade-off
additional benefit associated with an action
Answer: marginal benefit
economic climate in which most decisons are masde by individuals looking out for themselves.
Answer: market economy
2 answers
Right. All of the answers are correct.
Thanks Ms. Sue