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MATCHING
a.expenses incurred before a new school can open
b.expected costs of operating a school
c.children who are close to the same age
d.children whose ages vary, sometimes by several years
e.items that are used up and have to be replaced
f.equipment and toys that last a long time
g.a written document that describes in detail a proposed venture
h.provide the baseline for acceptable care of children and are meant to be minimum standards below which no program should operate
i.collecting information on the number of families and their income levels to see if a new preschool in an area is feasible.
-business plan
Economic Behavior
The actions and decisions made by individuals, households, and firms regarding the production, distribution, and consumption of goods and services.
Natural Resources
Substances and resources like minerals, forests, water, and arable land that are found in nature and can be exploited for financial benefit.
Economic Model
A simplified representation, often mathematical, of economic processes, relationships, or phenomena, to predict and explain economic behavior.
Incorrect Predictions
refers to forecasts or expectations about future events or trends that ultimately prove to be wrong.
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