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Which of the Following Terms Is Spelled Correctly

question 12

Multiple Choice

Which of the following terms is spelled correctly?


Definitions:

Margin

The difference between the cost of a product or service and its selling price.

Economics

The efficient allocation of the scarce means of production toward the satisfaction of human wants.

Input

Resources used in the production process, including labor, materials, machinery, and other factors of production.

Demand

The volume of goods or services that individuals are prepared and financially able to acquire at varying price points during a certain time span.

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