Exam (elaborations)
ECON 103 Final Exam Study Guide- Questions with Correct Answers
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Assumptions of Economics: Scarcity (1/4) limited nature of society's resources Assumptions of Economics: Methodological Individualism (2/4) - only individuals act - choices are made based on an individuals needs Assumptions of Economics: Rational Choice (3/4) humans first allocate scarce goods to...
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