Microconomics - Study guides, Class notes & Summaries

These class notes are a set of notes gathered for students to review and student introducing them to the class of microeconomics

Chapter 1 The Scope and Method of Economics 1.1 Why Study Economics? 1) Which of the following is not listed in the book as a reason to study economics? A) to learn a way of thinking B) to understand society C) to be an informed citizen D) to learn how to make lots of money Answer: D Diff: 1 Topic: Why Study Economics? Skill: Fact Learning Outcome: Micro-1 2) Among the fundamental concepts in economics is A) opportunity cost. B) marginalism. C) efficient markets. D) all of the ab...