Exam (elaborations)
ECON 102 QUIZ Chapter 1-3 Latest 2023
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ECON 102 QUIZ Chapter 1-3 Latest 2023. The study of economics is primarily concerned with: keeping private businesses from losing money. demonstrating that capitalistic economies are superior to socialistic economies. choices that are made in seeking the best use of resources. determining the most equitable distribution of society's output. 2. The saying that "there is no free lunch" means that: there are always trade-offs between economic goals. all production involves the use of scarce resources and thus the sacrifice of alternative goods. marginal analysis is used in economic reasoning. choices need not be made if behavior is rational. 3. Microeconomics:
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Institution
American Public University
Course
ECON 102 (ECON102)
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Written for
- Institution
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American Public University
- Course
-
ECON 102 (ECON102)
Document information
- Uploaded on
- March 20, 2023
- Number of pages
- 8
- Written in
- 2022/2023
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- econ 102 quiz
- econ 102
- econ 102 quiz chapter 1 3
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econ 102 quiz chapter 1 3 latest 2023
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econ 102 quiz chapter 1 3 latest
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