Essential Foundations of Economics - Textbook
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Uploaded by FertileDivergence7160
2021
Bade | Parkin
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Summary
This is an introduction economics textbook by Bade and Parkin, focusing on the economic way of thinking and how economists approach problem solving.
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© 2021 Pearson You’re in school! Did you make the right decision? © 2021 Pearson Getting Started 1 CHAPTER CHECKLIST When you have completed your study of this chapter, you will be able to 1 D...
© 2021 Pearson You’re in school! Did you make the right decision? © 2021 Pearson Getting Started 1 CHAPTER CHECKLIST When you have completed your study of this chapter, you will be able to 1 Define economics and explain the questions that economists try to answer. 2 Explain the ideas that define the economic way of thinking. 3 Explain how economists work as social scientists and policy advisers. 4 Explain how economics is useful as a life skill and job skill. © 2021 Pearson 1.1 DEFINITIONS 1.1 DEFINITION AND ANDQUESTIONS QUESTIONS All economic questions and problems arise because human wants exceed the resources available to satisfy them.
