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CHAPTER 1 INTRODUCTION TO ECONOMICS. LEARNING OUTCOMES AFTER READING THE WHOLE CHAPTER, THE STUDENT IS EXPECTED TO BE ABLE TO: Define economics and distinguish
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Copyright © 2004 South-Western/Thomson Learning 2 Thinking Like an Economist
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THINKING LIKE AN ECONOMIST CHAPTER 2. Thinking Like an Economist Economics trains you to... – Think in terms of alternatives. – Evaluate the cost of individual
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Economic Issues Economics is the study of how society allocates its scarce resources among competing demand to improve human welfare. Scarcity exists because
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Copyright © 2006 Nelson, a division of Thomson Canada Ltd. 2 Thinking Like an Economist
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THINKING LIKE AN ECONOMIST Chapter 2 Copyright © 2014 by Nelson Education Ltd.2-1
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