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What is Economics?

What is Economics?. McFarland. Economics. The study of choices that people make to satisfy their needs and wants. NEEDS. What is needed for survival. Food Clothing Shelter Water. WANTS. Beyond what is needed for survival. Televisions Magazines Phones Radios. Economist.

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334 views • 33 slides

Production Possibilities Curve (Frontier)

Production Possibilities Curve (Frontier). Graphing the Combinations of Production for Two Goods or Services. Shows all of the possible combinations of two goods or services that can be produced within a stated time period, given two very important assumptions:.

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451 views • 25 slides

Unit One: Basics

Unit One: Basics. Topic: Production. Learning Targets. The student will identify the four factors of production, who owns them and what they are used to produce.

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241 views • 11 slides

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Curve represent - PowerPoint PPT Presentation

What is Economics?

Production Possibilities Curve (Frontier)

Unit One: Basics