Chapter+1+-+What+is+Economics?

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**In //Chapter 1: What is Economics?// you will learn the basic conecpts of scarcity, making choices, and the trade-offs that these choices involve. You will also learn what production possibilities graphs show about efficiency, growth, and costs in an economy.** ====== Section 1 - Scarcity and the Factors of Production Section 2 - Opportunity Cost Section 3 - Production Possiblities Curves