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Introduction to Economics, Theory of Demand and Supply
1-1 Chapter 1 - Introduction Rhesus monkeys are willing to forgo 10% of their “income” of cherry juice to examine photos of leading and attractive members.
III THE DATA OF MACROECONOMICS. 5 Measuring a Nation’s Income.
Harcourt Brace & Company Chapter 2 Thinking Like an Economist.
Econ 281 Intermediate Microeconomics Consumer Behavior Theory of Production and Cost Various Market Structures Lorne Priemaza, M.A. [email protected].
1 © 2015 Pearson Education, Inc. Chapter Outline and Learning Objectives 1.1Three Key Economic Ideas 1.2The Economic Problem That Every Society Must Solve.
What is scarcity? (Look in your notes) Why is scarcity an important factor in economics? (Look up the definition of economics) How does scarcity effect.
