Documents Basic Economic Concepts. OBJECTIVE: The student will become familiar with the following items:...

Slide 1 Basic Economic Concepts Slide 2 OBJECTIVE: The student will become familiar with the following items: Economic Fundamentals –Scarcity –Choices –Basis of Benefits…

Documents Chapter 2: Economic Systems & Resource Allocation.

Slide 1 Chapter 2: Economic Systems & Resource Allocation Slide 2 Basic Economic Questions W hat to Produce (guns vs. butter) H ow to Produce (labor-intensive vs. capital-…