- Economics
- Unit of Study
- Community College / Lower Division, College / Upper Division
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Opportunity Set, Tradeoff Diagram, Tradeoffs, Adam Smith, Market Economy, Productive Efficiency, Sunk Costs, Opportunity Cost, Normative Statements, Invisible Hand, Budget Constraint, Utility, Firm, Law of Diminishing Returns, Allocative Efficiency, Scarcity, Economic Efficiency, Cost, Price, Law of Diminishing Marginal Utility, Slope, Marginal Analysis, Positive Statements, Production Possibilities Frontier (PPF)
