Principles of Economics
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Semester 2 Exam Review GOVERNMENT IN THE MARKET ECONOMY Denitions Concepts Market Failures and Government Intervention Appropriate functions of government in a market system 1. protect private property and enforce contrac...
Semester 1 Exam Review INTRODUCTION Definitions Concepts Economic Issues and Concepts Economics: the study of how humans make choices to use scarce resources to satisfy the unlimited wants of society (choice due to scarci...
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