AP ECONOMICS CHAPTER 2 STUDY GUIDE TB2

The basic economic problem is reflected in which of the following concepts? I. Opportunity cost II. Production possibilities III. The fallacy of composition IV. Ceteris paribus (A) I only (B) IV only (C) I and II only (D) II and III only (E) II, III and IV only. 7. Which of the following goods would be considered scarce? ................
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