Exam (elaborations)
UST- Macro Test #1 (ch. 1-4, 10 & 11) – Wu (Well-enlightened with correct answers)
- Module
- Institution
Economics correct answers the study of how society manages its scarce resources 5 principles correct answers 1. People Face Trade-Offs 2. Opportunity Cost 3. People respond to incentives 4. Markets are usually a good way to organize economic activities 5. Governments can sometimes improve ma...
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