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Lecture Notes II - o What how and for whom are goods...

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Pound 1 Seth Pound Ibrahim Bayaan ECON 2106 B 26 Sept 2006 Lecture Notes Economics => Scarcity How people make choices to use scarce resources People’s response to incentives
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Unformatted text preview: o What, how, and for whom are goods produced? Labor, natural resources (land), capital, and entrepreneurship o Self-interest vs. Social-interest...
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