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COGNITIVE ASSESSMENT When you use a keyboard on a smartphone or other mobile device, what characteristic might you notice about the keyboard?
Productive Economy
Refers to an economy that efficiently utilizes its resources to produce goods and services that meet the needs and wants of its population.
Commodity
Commodity denotes basic goods used in commerce that are interchangeable with other goods of the same type.
Allocation
The process of distributing resources, goods, or services in a particular way or to particular recipients.
Scarce Resources
Resources that are limited in supply and cannot fulfill all the uses and demands placed on them.
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