Study guide
UNIVERSITY OF ARIZONA ECONOMICS SUPPLY & DEMAND FINAL EXAM STUDY GUIDE 2020 VERIFIED WITH 100% CORRECT ANSWERS.
- Course
- ECON SUPPLY & DEMAND (ECON)
- Institution
- University Of Arizona
1. Define economics. 2. Explain how scarcity relates to economics. Limited resources to meet unlimited needs and wants. This situation requires people to make decisions about how to allocate resources efficiently in order to satisfy needs and wants. 3. Differentiate between opportunity costs...
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