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 major economic decisions.
3. "comparison of the cost of an action to its benefits" - Cost - benefit analysis compares action costs and benefits.
4. "social science dealing with how people satisfy seemingly unlimited and competing needs" - Economics studies how people satisfy needs.
5. "risk - taking individuals who introduce new products or services" - Entrepreneur is a risk - taker introducing 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 for resource allocation.
8. "cost of the next best alternative use of money, time or resources" - Opportunity cost is the cost of the next best alternative.
9. "represents all possible combinations of goods/services that can be produced when all resources are used" - Production possibilities curve shows all possible 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