Questions for Review4. Define scarcity .5. Generally economists divide resources intofour broad categories explain .6. What is competition ? And what form it takes?7. What is opportunity cost ?8. Define marginal costs & Marginal benefits .9. Compare between Macroeconomics &Macroeconomics10. Micro economists & macro economists askdifferent questions . Explain ?

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4. Define scarcity . 5. Generally economists divide resources into four broad categories explain . 6. What is competition ? And what form it takes ?

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter1: What Is Economics

Section1.1: The Basic Problem In Economics

Problem 3R

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