ECN 104 Chapter Notes -High School Dropouts, Marginal Cost, French Wine

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Test bank > control panel > pool manager > pool canvas. Select a question type from the add question drop-down list and click go to add questions. Use creation settings to establish which default options, such as feedback and images, are available for question creation. 0 points must allocate scarce resources. face many decisions. must allocate the goods and services they produce. must have a central decision maker. Answer what goods will be produced who will produce the goods what determines consumer preferences who will consume the goods. 0 points because resources are scarce because populations may increase or decrease over time because wages for households and therefore society fluctuate with business cycles because people, by nature, tend to disagree. 0 points when there is less than an infinite amount of a resource or good when society can meet the wants of every individual when there is less of a good or resource available than people wish to have.

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