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ARE 1110 Lecture Notes - Lecture 7: Externality

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magentafox185
15 Dec 2018
School
UConn
Department
Agricultural and Resource Economics
Course
ARE 1110
Professor
Emma Bojinova

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Related Questions

The study of economics involves looking at:
a. unlimited wants and unlimited resources
b. limited wants and limited resources
c. limited wants and unlimited resources
d. unlimited wants and limited resources

A recurring theme in economics is that people:

a. Have unlimited economic wants but limited resources.

b. Can increase resources by limiting their economic wants.

c. Have limited economic wants and limited resources.

d. Have unlimited resources but limited economic wants.

The economizing problem is essentially one of deciding how to make the best use of:

a. limited resources to satisfy limited wants.

b. unlimited resources to satisfy limited wants.

c. limited resources to satisfy virtually unlimited wants.

d. unlimited resources to satisfy unlimited wants.