Ndsu econ 201 exam 3 - Study guides, Class notes & Summaries
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NDSU ECON 201 EXAM 3 WITH SOLUTION
- Exam (elaborations) • 7 pages • 2024
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NDSU ECON 201 EXAM 3 WITH SOLUTION...
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NDSU Econ 201 Exam 1 Questions and Answers Graded A+
- Exam (elaborations) • 5 pages • 2024
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NDSU Econ 201 Exam 1 Questions and Answers Graded A+ 
Economics 
The study of how a society uses goods and services in the face of economic scarcity 
 
 
 
Absolute Scarcity 
When a country runs out of usable resources 
 
 
 
 
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Brainpower 
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Economic Scarcity 
The concept that people have infinate wants and desires 
 
 
 
Commodities 
Satisfies people's wants a desires (goods and servi...
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