Economics (McConnell), 18th EditionChapter 1:
Limits, Alternatives, and Choices (+ Appendix)IN THIS CHAPTER YOU WILL LEARN:
- The definition of economics and the features of the economic perspective.
- The role of economic theory in economics.
- The distinction between microeconomics and macroeconomics.
- The categories of scarce resources and the nature of the economizing problem.
- About production possibilities analysis, increasing opportunity costs, and economic growth.
- (Appendix) About graphs, curves, and slopes as they relate to economics.
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