econ self test 1-13

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Author:
tsciole
ID:
83030
Filename:
econ self test 1-13
Updated:
2011-05-01 16:38:01
Tags:
self test
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Description:
self test 1-13
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  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

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