lectur5-page41 - want at a price = 0. u Scarce resources...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
41 41 Law of Scarcity Economic resources are scarce! u There are never enough at any given time to produce all the things that people
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: want at a price = 0. u Scarce resources can be increased, if at all, only through effort and sacrifice....
View Full Document

This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.

Ask a homework question - tutors are online