CHAPTER 1 Economics: Foundations and Models

CHAPTER 1| Economics: Foundations and Models Chapter Summary and Learning Objectives 1.1 Three Key Economic Ideas (pages 4–7) Explain these three key economic ideas: People are rational. People respond to incentives. Optimal decisions are made at the margin. Economics is the study of the choices consumers, business managers, ................
................

In order to avoid copyright disputes, this page is only a partial summary.