TOPIC 1: Managing scarce resources
- Created by: james
- Created on: 29-03-13 13:10
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TOPIC 1: MANAGING THE ECONOMY
- What is the basic economic problem?
And how do we resolve this? - Define opportunity cost
- What are the four economic resources and what factor results are there?
- Define the PPF
- How does an economy reach the PPF?
- Define factor…
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