Transfer Pricing
Unit 1: Basic Economic Concepts 1. REVIEW 1.Explain relationship between scarcity and choices 2.Differentiate between positive & normative 3.Differentiate.
BEC REVIEW 1.Explain relationship between scarcity and choices 2.Differentiate between positive & normative 3.Differentiate between price and cost 4.Explain.
Unit 1: Basic Economic Concepts 1. REVIEW 1.Explain relationship between scarcity and choices 2.Differentiate between price and cost 3.Differentiate between.
The Production Possibilities Curve. The Production Possibilities Curve (PPC) Using Economic Models… Step 1: Explain concept in words Step 2: Use numbers.
Unit 1-3: Basic Economic Concepts 1. Society has unlimited wants but limited resources The Economizing Problem… Scarcity WE HAVE A PROBLEM!! 2.
Unit 1: Basic Economic Concepts 1. 2 ABCDEFG Cars 0101825303335 Trucks 4542393325150 Draw Production Possibilities Graph for the Ford Motor Co. using.
The Economics of Higher Education Presentation by Robin Sherbourne to the Polytechnic of Namibia 22 January 2003.
Unit 1: Basic Economic Concepts
BEC REVIEW
