Exam (elaborations)
ECON 203 EXAM 1 questions with correct answers
- Course
- Econ 202
- Institution
- Texas A&M University
Principles of Economics: People face trade-offs CORRECT ANSWER Have to make choices because of scarcity Scarcity CORRECT ANSWER A situation in which unlimited wants exceed the limited resources available to fulfill those wants Principles of Economics: The cost of something is what you give up...
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