Econ 102 final exam isu - Study guides, Class notes & Summaries
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Econ 102 Final Exam ISU Questions and Answers 100% Solved
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Econ 102 Final Exam ISU Questions and 
Answers 100% Solved 
Economics ️️a social science that seeks to understand how humans make decisions in the 
face of scarcity 
Scarcity ️️One word- Limits 
factors of production ️️land, labor, capital 
Division and specialization of labor ️️the process in which workers select specialized tasks 
to make a product 
Specialization ️️when workers or firms focus on particular tasks for which they are wellsuited within the overall producti...
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