Class notes
Microeconomics(eco 2023) Ch 1.1-1.4 Notes
Learn about these in ch.1.1-1.4 1.1 Scarcity Q1: What are the wants and constraints of those involved? 1.2 Opportunity Cost and Marginal Decision Making Q2: What are the trade-offs? 1.3 Incentives Q3: How will others respond? 1.4 Efficiency Q4: Are resources being allocated in the best way ...
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