Economics is a social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behavior and interactions of economic agents and how economies work.
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Economics Chapter 1 Assess your _________ (your income, assets, and liabilities). - situation Set money __________! Make sure you have a mix of both short-term and long-term goals. - goals You must write out a detailed __________ for accomplishing your goals. This begins with your budget. - p...
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Add to cartEconomics Chapter 1 Assess your _________ (your income, assets, and liabilities). - situation Set money __________! Make sure you have a mix of both short-term and long-term goals. - goals You must write out a detailed __________ for accomplishing your goals. This begins with your budget. - p...
Economics Terms natural resources - anything humans use that comes from nature supply - the quantity of goods or services available demand - the desire to buy goods or services scarcity - a shortage or low amount of something abundance - a large amount or quantity, the opposite of scarc...
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Add to cartEconomics Terms natural resources - anything humans use that comes from nature supply - the quantity of goods or services available demand - the desire to buy goods or services scarcity - a shortage or low amount of something abundance - a large amount or quantity, the opposite of scarc...
Economics Ch.6 & 12 Prices act as a signal to change behavior as conditions change. What happens w/ rising prices? - Buyers buy less, producers produce more In a competitive (free market) economy, prices - Are neutral Prices adjust to unforeseen events, such as natural disasters and wars, bec...
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Add to cartEconomics Ch.6 & 12 Prices act as a signal to change behavior as conditions change. What happens w/ rising prices? - Buyers buy less, producers produce more In a competitive (free market) economy, prices - Are neutral Prices adjust to unforeseen events, such as natural disasters and wars, bec...
Week 6 A company has only $40 million to spend on all its capital projects for the current year. However, based on management's analyses, the company would require $50 million to invest in all its positive net present value (NPV) projects. All the projects are independent (none are mutually exclus...
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Add to cartWeek 6 A company has only $40 million to spend on all its capital projects for the current year. However, based on management's analyses, the company would require $50 million to invest in all its positive net present value (NPV) projects. All the projects are independent (none are mutually exclus...
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