ECON 312N Week 4 Midterm Exam

(TCO 1) As a consequence of the condition of scarcity (TCO 1) The opportunity cost of constructing a new public highway is the (TCO 1) A nation can increase its production possibilities by (TCO 1) Which expression is another way of saying “marginal benefit”? (TCO 1) The individual who brings together economic resources and assumes the risk of business ventures in a capitalist economy is called the (TCO 1) The Soviet Union economy of the 1980s would best be classified as (TCO 1) The sim...