Instructions: Identify the Following

question 35

Short Answer

Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
Millard Fillmore

---

Definitions:

Capital

The buildings, equipment, and human skills used to produce goods and services.

Scarcity

The fundamental economic problem of having seemingly unlimited human wants in a world of limited resources.

Choices

The selection between alternative courses of action in decision-making scenarios.

Rationality

The quality of being based on or in accordance with reason or logic, often associated with decision-making processes that are efficient or optimal.