Slide 1Global Macroeconomics Taggert J. Brooks Slide 2 What is Economics? Economics is the study of the allocation of scarce resources in an attempt to satisfy unlimited…
Slide 1NEXT The Economic Way of Thinking Slide 2 NEXT Chapter 1: The Economic Way of Thinking Scarcity is the situation that exists because wants are unlimited and resources…
Slide 1DEMAND AND SUPPLY IN FACTOR MARKETS 17 CHAPTER Slide 2 Objectives After studying this chapter, you will able to Explain how firms choose the quantities of labor, capital,…
Slide 1 Slide 2 Created by Terri Street Copyright, 2000 Slide 3 100 90 80 70 60 50 40 30 20 15 10 5 3 2 1 Slide 4 Click to return to question, Cont-P to switch to the pen,…
Slide 1CHAPTER 1 The Economic Way of Thinking Slide 2 KEY CONCEPTS Economics study of how people use resources to satisfy wants how individuals/societies choose to use resources…
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Slide 1CramersPosse Sam Young Jason Linder Alex Vong Slide 2 Company Profile First McDonalds opened 1940 in San Bernardino, CA (Dick and Mac McDonald) Speedee Service (1948)…