Slide 1 What’s in Economics for You? Scarcity, Opportunity Cost & Trade LEARNING OBJECTIVES A.1 Explain scarcity and describe why you must make smart choices among…
MICROECONOMICS Ch2 The Economic Problem Cheryl Fu Production Possibilities and Opportunity Cost The production possibilities frontier (PPF) is the boundary between those…
ECONOMICS 120 EXAM AID Instructors: Jason Frittaion, Kara Chiki Some images used from course slides and textbook. AGENDA Intro to Economics and Opportunity Cost Trade, PPC,…