1 Limits, Alternatives, and Choices McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Introduction Economics defined Economic…

01 Limits, Alternatives, and Choices McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Introduction Economics defined Economic…

Slide 1 Economics (CIA4U) Slide 2 Introduction to Economics -Economics is a social science that studies how individuals and organizations in society engage in the production,…

Economic problem Limited Income Unlimited Wants Chapter 1, LO5 * ©2013 McGraw-Hill Ryerson Ltd. Chapter 1, LO6 ©2013 McGraw-Hill Ryerson Ltd. Chapter 1, LO5 *  [T1]Ed:…

PPC AND CONCEPTS OF SUPPLY PPC AND CONCEPTS OF SUPPLY SUMEETHA.M Compare 2 variables; goods or services Trade-offs or opportunity cost involved All available resources are…