Macroeconomics1

Macroeconomics1 - How must an economy grow? What do...

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Macroeconomics Chapter 1 Study Guide KEY TERMS  Scarcity Economics Factors of production Natural Resources Labor  Physical Capital Human Capital Entrepreneurships  Positive Analysis  Normative Analysis Economic Models Variable Ceteris Paribus 
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Marginal Change Macroeconomics Microeconomics KEY QUESTIONS Why are African countries not green like other countries?
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Unformatted text preview: How must an economy grow? What do Americans do with their surplus? What is the job of the Economist? What are the different types of Marginal? What are the three basic questions a society must answer? How does economist view traffic congestion? What is a market? What is the job of the market?...
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Macroeconomics1 - How must an economy grow? What do...

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