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Draw an arrow in the reverse direction to represent payments for imports. Chapter 7 – Market Structures. all human-made goods that are used to produce other goods and services; tools and buildings, the skills and knowledge gained by a worker through education and experience, ambitious leader who combines land, labor, and capital to create and market new goods and services, an alternative that we sacrifice when we make a decision, a phrase that refers to the trade-offs that nations face when choosing whether to produce more, or less military or consumer goods, the most desirable alternative given up as the result of a decision, deciding whether to do or use on additional unit of some resource, graph that shows alternative ways to use an aconomy's resources, lines of a production possibilities graph that shows maximum possible output, using resources in asuch a way as to maximize the production of goods and services, using fewer resources than an economy is capable of using, to an economist, the alternative that is given up bceause of a decision, law that states that as we shift factors of production from one good or service to another ,the cost of producing the second item increases. 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