Exam (elaborations)
ECON 103 Exam 1 Questions and Answers 100% accurate
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What are the four assumptions of microeconomics? - ANSWER-1. Scarcity 2. Only individuals choose 3. Rational Choice 4. Unlimited wants Is labor a source of value? - ANSWER-No What is the phenomenon of the subjective mind? - ANSWER-Value is in the mind of the valuer Scarcity imposes a ma...
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