ECON 2030 : Econ Test 1 Notes

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15 Mar 2019
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The way these questions are answered will being produced for? material things? determine the availability of jobs at home. These consequences are macroeconomics: microeconomics- the behaviors of individual people- the answers to these three behaviors, macroeconomics- the fundamentals of , markets, market- a social process in which goods and services are exchanged for money. These interactions can be incredibly complex: the existence of money is at the heart of the activities of the market economies. It is so essential that it is a prerequisite for which a market (money) economy exists: economic reasoning, opportunity cost, what you give up in order to do something is the cost. The best alternative is gone: these cost can be monitored, but it can also be non-monitored, however, it"s not everything you give up, but the relevant cost is the best alternative that you have given up.

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