Economics Unit 1 Markets and Market failure - Basics A quiz 2.5 / 5 based on 2 ratings ? EconomicsMarket failureASEdexcel Created by: David BamfordCreated on: 09-04-12 14:37 A Normative statment..... expresses a judgement about what ought to be 1 of 4 Opportunity cost is the next best alternative you could have had 2 of 4 What are economic decisions? Decisions that have an opportunity cost 3 of 4 What are free goods? They are thoses goods for which there is no opportunity cost 4 of 4
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