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Identify and state the historical significance of the Battle of Vicksburg.
Scarce Resources
Natural, human, and capital resources that are limited in supply and available for the production of goods and services.
Production Possibilities Curve
A graphical representation that shows the maximum quantity of two goods that can be produced with available resources and technology.
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Products and services that are consumed by individuals or households to satisfy their needs or wants.
Capital Goods
Items that are used in the production of other goods and services, rather than being bought by consumers.
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