ECON 101- ECON Principles of Microeconomics Exam 1 study guide new Solution University of Iowa
ECON 101- ECON Principles of Microeconomics Exam 1 study guide new Solution University of Iowa scarcity - --a situation in which unlimited wants exceed the limited resources available to fulfill those wants shortage - --a situation in which the quantity demanded is greater than the quantity supplied microeconomics - --the study of how households and firms make choices, how they interact in markets, and how the government attempts to influence their choices macroeconomics - --the study of the economy as a whole, including topics such as inflation, unemployment, and economic growth
Written for
- Institution
- University Of Iowa
- Course
- ECON 101
Document information
- Uploaded on
- April 19, 2024
- Number of pages
- 30
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers
Subjects
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econ 101 iowa state university
-
econ principles of microeconomics
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econ 101 solution university of iowa