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9 Cards in this Set

  • Front
  • Back
Culture includes:
Language, music, dance, celebrations, foods, clothing, beliefs, religion, holidays
Economics includes
the buying and selling of goods
making and spending money
Scarcity means
Not enough of something
Surplus means
too much of something
Scarcity causes the price of something to
go up
Surplus causes the price of something to
go down
Opportunity costs are
what is given up when a choice is made
Producers do what?
Create goods and services
Consumers
buy goods and services