econ self test 1-13

The flashcards below were created by user tsciole on FreezingBlue Flashcards.

  1. scarcity is the central of the study of economics because it implies that
    every choice involves an opportunity cost
  2. allocative efficiency
    MB=MC
  3. Economic data is used to
    test models
Author:
tsciole
ID:
83030
Card Set:
econ self test 1-13
Updated:
2011-05-01 20:38:01
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self test
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Description:
self test 1-13
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