Term
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Definition
Elements that affect the outcome of the game, but are not rules.
Ex. Buy Low, Sell High |
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Term
What do all games have in common? |
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Definition
Players, rules, outcomes, properties, and goals. |
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Term
Name several features of the game of economics. |
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Definition
Prices, Buyers and Sellers, and Rules/Laws Against Stealing |
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Term
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Definition
| Producing goods and services for people to consume. Production requires resources as well as allocation decisions about those resources. Goods, services, and resources need to be distributed. |
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