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Introduction to Economics

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All the answer can be found in textbooks/ workbook/ notes. There is NO SPACE BAR if the answer contain 2 words.

Created Date 11.24.19
Last Updated 11.25.19
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Topics of this game:
  • is an analysis concerned with what is
  • A platform where by buyers and sellers in which they come together to trade is called?
  • A situation in which unlimited wants exceed the limited resources available to fulfill those wants.
  • is the study of the economy as a whole, including topics such as inflation, unemployment, and economic growth.
  • is used to simply the model and its interpretation by assumming other factors did not change.
  • is the highest-valued alternative given up in order to engage in some activity
  • is the study of the choices people make to attain their goals, given their scarce resources.
  • is a theory of economics that attempts to explain the discrepancy between the benefit and cost value.
  • The fair distribution of economic benefits
  • is an economy where most of the ownership belong to central authority.
  • is the referring to the differences between revenue and cost
  • Waste and mismanagement of economy are the results of a firm operating below its potential.