Ch. 1--terms & concepts

Ch. 1--terms & concepts - 9 Resources Human...

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1. Economics is the study of: 2. Opportunity cost 3. Marginal 4. Incentives 5. Scarcity 6. Objective vs. subjective 7. Normative vs. positive 8. Statistical murder
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Unformatted text preview: 9. Resources: Human, Physical, Natural 10. Utility 11. Rational ignorance 12. Ceteris paribus 13. Association vs. causation 14. Fallacy of composition...
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