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Figure 21-1
-Refer to Figure 21-1.All of the points identified in the figure represent affordable consumption options with the exception of
Market Prices
The amounts at which goods and services can be bought or sold in open markets.
Resource Substitutability
The degree to which different inputs (or resources) can be substituted for one another in the production process.
Economic Resource
Any good or service that can be used to produce other goods and services, including labor, land, capital, and entrepreneurship.
Factory Workers
Individuals employed in industrial production settings, operating machinery or assembling goods.
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Q424: Refer to Figure 21-14.Which of the graphs