IB Economics Top Compulsory Exam Questions And Correct Answers
Scarcity the condition that results from limited resources combined with unlimited wants Opportunity Cost Cost of the next best alternative use of money, time, or resources when one choice is made rather than another Factors of Production resources of land, labor, capital, and entrepreneurship used to produce goods and services Land the physical location where production occurs. Includes bodies of water as well as resources extracted from the earth.
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- IB Economics
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- IB Economics
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- March 19, 2024
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ib economics
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ib economics top compulsory exam questions and co