Question

manufactured goods that help produce a good or service
economic system characterized by a central authority that makes most of the major economic decisions
comparison of the cost of an action to its benefits
social science dealing with how people satisfy seemingly unlimited and competing needs
risk - taking individuals who introduce new products or services
resources needed to produce goods
economic system in which supply, demand and the price system help people allocate resources; same as free enterprise system
cost of the next best alternative use of money, time or resources
represents all possible combinations of goods/services that can be produced when all resources are used

Explanation:

1. "manufactured goods that help produce a good or service" - Capital is defined as manufactured goods used in production.
2. "economic system characterized by a central authority that makes most of the major economic decisions" - Command economy has central authority for decisions.
3. "comparison of the cost of an action to its benefits" - Cost - benefit analysis compares costs and benefits.
4. "social science dealing with how people satisfy seemingly unlimited and competing needs" - Economics studies resource allocation for needs.
5. "risk - taking individuals who introduce new products or services" - Entrepreneur takes risks for new products/services.
6. "resources needed to produce goods" - Factors of production are resources for production.
7. "economic system in which supply, demand and the price system help people allocate resources; same as free enterprise system" - Market economy uses supply - demand - price.
8. "cost of the next best alternative use of money, time or resources" - Opportunity cost is the next best alternative cost.
9. "represents all possible combinations of goods/services that can be produced when all resources are used" - Production possibilities curve shows production combinations.

Answer:

1. Capital
2. Command economy
3. Cost - benefit analysis
4. Economics
5. Entrepreneur
6. Factors of production
7. Market economy
8. Opportunity cost
9. Production possibilities curve