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Economics

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Freda McKenzie

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2y ago
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Cards in this guide (6)
Which of the following does not need to be addressed when organizing an economy

The rules of political institutions.

What happens in the case of a product that has elastic supply when the price decreases

people die

In the study of economics which is the definition of a market

an arrangement that allows buyers and sellers to exchange things

Which would be an example of an opportunity cost

HOUSING

Which of the following statements accurately describes how cost and benefits care calculated

Calculations of cost and benefit are based on personal preference

Which of he following best explains why the game of economics does not have a single goal

different people want different things out of life APEX

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