Examlex
Using glue to replace metal fasteners in electronics and automotive products is an example of ____.
Scarcity
Occurs when the amount people desire exceeds the amount available at a zero price.
Choice
The act of selecting between two or more possibilities, often present in decision-making processes.
Economics
The study of how people use their scarce resources to satisfy their unlimited wants
Physical Capital
Manufactured items used to produce goods and services; includes new plants and new equipment.
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