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Documents What’s in Economics for You? Scarcity, Opportunity Cost & Trade

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…

Documents MARKETS IN ACTION

MARKETS IN ACTION Principles of Microeconomic Theory, ECO 284 John Eastwood CBA 213 523-7353 e-mail address: [email protected] Learning Objectives Explain how price ceilings…

Documents MICROECONOMICS Ch2 The Economic Problem Cheryl Fu.

MICROECONOMICS Ch2 The Economic Problem Cheryl Fu Production Possibilities and Opportunity Cost The production possibilities frontier (PPF) is the boundary between those…

Documents ECONOMICS 120 EXAM AID

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,…