History, 25.04.2020 09:55, hillmarilyn70pe8sy6
II. Scarcity Means Making Choices
A. Scarcity exists because wants are unlimited and resources are limited.
which
B. Without enough resources to satisfy all of our wants, we must
wants we will satisfy.
III. Making Choices Means Incurring Opportunity Costs
A. Every
Bill we make has an opportunity cost.
WWW
cost is the most valued alternative you give up to do something.
C. A trade-off is another way of thinking about an opportunity cost. A trade-off means that you
can get more of one good only by giving up another good.
IV. One Diagram, Three Economic Concepts
A. A(n)
possibilities frontier (PPF) shows all possible combinations of
two goods that an economy can produce in a certain time period. (See Exhibit 1-2 on page 10 of
your textbook.)
Answers: 1
History, 21.06.2019 22:00, gonzalesalexiaouv1bg
Why did reconstruction polices split the women’s suffer age movement?
Answers: 1
History, 22.06.2019 08:50, jaxmoran964
In 1869, jay gould and james fisk’s actions caused a scandal in new york city. blank, the secretary of the treasury, informed the president about this scandal.
Answers: 3
II. Scarcity Means Making Choices
A. Scarcity exists because wants are unlimited and resources...
A. Scarcity exists because wants are unlimited and resources...
Mathematics, 31.08.2020 01:01
Mathematics, 31.08.2020 01:01