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Economics Midterm (5)

The flashcards below were created by user hey_itsdarra on FreezingBlue Flashcards.

  1. Products designed to last at least three years
    Durable goods
  2. Reduction of level of satisfaction
    Diminishing marginal utility
  3. People work with machines in production
    Mechanization
  4. Government imposed restriction on availability of goods
    Rationing
  5. Company that sells directly to the consumer
    Retailer
  6. The part of a loan other than interest
    Principal
  7. Loan requiring collateral
    Secured loan
  8. Two or more own a business
    Partnership
  9. What you give up when you make a choice
    Trade off
  10. United States, Canada and Mexico deal
    NAFTA
Author
hey_itsdarra
ID
252606
Card Set
Economics Midterm (5)
Description
Midterm
Updated
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