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Questions and Answers
Which branch of economics is concerned with decision-making by individual economic agents such as firms and consumers?
Which branch of economics is concerned with decision-making by individual economic agents such as firms and consumers?
What does the term 'allocation' refer to?
What does the term 'allocation' refer to?
What are 'scarce resources' in economics?
What are 'scarce resources' in economics?
What do 'unlimited human wants' refer to in economics?
What do 'unlimited human wants' refer to in economics?
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What do 'needs' and 'wants' differentiate in economics?
What do 'needs' and 'wants' differentiate in economics?
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