Exam (elaborations)
ECO 2305 TTU EXAM 1 Review (Questions & Answers) Rated 100% Correct!!
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Scarcity - Answer-Resources are limited (unlimited human needs, but limited resources) The Study of Economics - Answer-How to manage limited resource to maximize the outcome/output Goods - Answer-Tangible Items (clothes, food, etc) Services - Answer-Intangible Items (education, health care) ...
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