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economic methodology and the economic problem
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Multiple Choice
Multiple choice questions
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1. fundamental economic problem
when all those who are able and willing to work are employed.
something that is necessary for human survival, such as food, warmth or shelter.
a curve depicting the various combinations of two products for types of products that can be produced when all the available resources are fully and efficiently employed.
how best to make the decisions about the allocations of scarce resources among competing uses so as to maximise human happiness and welfare.
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