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economic methodology and the economic problem
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Multiple Choice
Multiple choice questions
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1. economic welfare
the economic well being of an individual, or a group within society, or an economy.
when the available economic resources are used to produce the combination of goods and services that best matches people's tastes and preferences.
a good which is used in the production of other goods and services.
a statement that includes a value judgement and cannot be refuted just by looking at the evidence.
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