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Explain how scarcity influences decisions. Explain how individuals evaluate opportunity costs to make decisions. Explain how marginal analysis influences decision making. Apply basic, economic principles
- Explain how scarcity influences decisions.
- Explain how individuals evaluate opportunity costs to make decisions.
- Explain how marginal analysis influences decision making.
- Apply basic, economic principles of individual decision making that determine how an economy generally works.
- Explain how the terms of trade can lead to gains.
- Given a scenario, identify the distribution system being used.
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Microeconomics Principles, Problems and Policies
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
20th edition
978-0077660819, 77660811, 978-1259450242
