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Unit I: Basic Economic Concepts What is Economics in General? Economics is the study of _________. Economics is the science of scarcity. Scarcity is.
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The best option of the airport hotel for long travel passenger
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Standard SSEF1 a. Define scarcity as a basic condition. d. Define opportunity cost as the next best alternative.
Unit I: Basic Economic Concepts
AP Economics “Econ, Econ” Econ 1. Review with your neighbor… 1.Define scarcity 2.Define Economics 3.Identify the relationship between scarcity and choices.
