The Current Economic Mess 2009 - MSU Service Status

What is the fundamental Economic Problem? Pg. 5. What is the difference between a NEED and a WANT? Pg. 5. Explain the concept of TINSTAAFL. Why is the study of economics important? What are the 3 basic economic questions that must be answered? Pg. 6. What are FACTORS OF PRODUCTION? What do they include? Define each. Pg. 7. What is a GOOD? Pg. 12 ................
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