CIVICS & ECONOMICS - COMMON EXAM REVIEW - wsfcs.k12.nc.us
Basic Economics & Economic Systems. Economics, scarcity. Productivity, division of labor, specialization. Trade-off, opportunity cost. 3 Basic Economic Questions. 4 Factors of Production. Economic Systems (Command, Market, Mixed, Traditional) Mixed Market Economy – Characteristics of US Economic System. Supply & Demand. Law of Supply & Demand ................
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