LP_1_CH_1_Define_Economics - Economics Chapter 1 pages 1-14 How does the author define economics Describe the scarcity problem in your own words Give an

LP_1_CH_1_Define_Economics - Economics Chapter 1 pages 1-14...

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Economics Chapter 1 pages 1-14 How does the author define economics? Describe the scarcity problem in your own words: Give an example from your life here you had a problem of scarcity. What choice did you make? Goods: Services: Producers Consumers: What are the factors of production? Define each: As a student, what capital do you have? How does this capital help you? 14-18 What is an incentive? Give an example from our classroom.
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  • Fall '16
  • john mull
  • Economics, History, cost/ marginal benefits, scarcity problem

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