Examlex
Which of the following devices should be used to carry a patient down the stairs whenever possible?
Economy
A system of production, distribution, and consumption of goods and services in a particular geographic region.
Production Possibilities
A graphical representation showing the maximum quantity of goods and services that an economy can produce when all resources are used efficiently.
Circular-Flow Diagram
A visual model of the economy that shows how dollars flow through markets among households and firms.
Capital
Resources made and used to produce and distribute goods and services; examples include machinery, buildings, and tools.
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