Microeconomics A Contemporary Intro
10th Edition
ISBN: 9781285635101
Author: MCEACHERN
Publisher: Cengage
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- Economics is primarily concerned with the study of: Production and distribution of goods in a world of unlimited resources. Problems such as poverty and unemployment. Limited desires pursuing unlimited resources. Production and distribution of goods in a world of limited resources.arrow_forwardWhich is not one of the five fundamental questions that an economy must deal with? How will the goods and services be produced? Why should the goods and services be produced? Who is to receive the goods and services produced in the economy? In what ways will progress be promoted?arrow_forwardHow will you explain production as a source of economic well-being?arrow_forward
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