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Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Question List for "Principles of Economics"
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Economics
»
When two people trade, one must lose for the other to win.
Started by
krzymel
44
Apr 19, 2019
Economics
»
A bowed-out production possibility frontier represents decreasing opportunity costs.
Started by
tuffie
65
Apr 19, 2019
Economics
»
A society's production possibility frontier is bowed out from the origin because some resources are ...
Started by
geodog55
131
Apr 19, 2019
Economics
»
Resources are also referred to as outputs.
Started by
Bernana
38
Apr 19, 2019
Economics
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The inputs into the process of production are called factors of production.
Started by
burton19126
69
Apr 19, 2019
Economics
»
In economics, the term "investment" refers to the purchase of stocks and bonds.
Started by
newbem
88
Apr 19, 2019
Economics
»
The marginal rate of transformation is the slope of the production possibility frontier.
Started by
jon_i
114
Apr 19, 2019
Economics
»
Comparative advantage refers to the ability to produce better quality goods than a competitor.
Started by
Metfan725
122
Apr 19, 2019
Economics
»
Comparative advantage refers to the ability to produce at a lower opportunity cost than a competitor.
Started by
tth
121
Apr 19, 2019
Economics
»
The "economic problem" is that given scarce resources, how do large societies go about answering the ...
Started by
nelaaney
93
Apr 19, 2019
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