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econ 104 - exam 1questions and answers Graded A+
Preview 2 out of 11 pages
econ 104 - exam 1questions and answers Graded A+ economics studies the choices made by indivuals and societies to use scarce resources central problems of economics scarce resources, unlimited wants and needs microeconomics examines factors associated with individual units examples of what microeconomics looks at households, firms and individuals making choices macroeconomics looks at the economy as a whole (including GDP inflation, unemployment, economic growth) 3 main economic goals economic growth, low unemploym
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Econ 104 - Exam 1 Review questions and answers Graded A
