Textbook Notes for Rauf Azhar

UOFGHAHSS*1000Rauf AzharFall

MICRO 1-6.docx

OC25273933 Page
22 Feb 2014
Scarcity refers to the limited nature of society"s resources. Going to a party the night before your midterm leaves less time for studying. Having more
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UOFGHAHSS*1000Rauf AzharFall

MICRO 7- 9.docx

OC25273918 Page
22 Feb 2014
Recall, the allocation of resources refers to: how much of each good is produced, which producers produce it, which consumers consume it. The study of
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