Economics 101 Review for the Final - Fullerton College
Limited resources, choices and opportunity cost (4) Contrast the following: macro-economics vs. microeconomics (6-7) Positive vs. normative economics ((7) resource categories (10) Production possibilities (11) Law of increasing costs, Key Graph (12) Optimal output MB =MC, figure 1.3 (13) Present choices and future possibilities, figure 1.6 ... ................
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