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Unit 1 Economics: Markets and Models > Mechanical Energy > Flashcards

Mechanical Energy Flashcards

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Unit 1 Economics: Markets and Models (14 decks)

What is economics and scarcity?

Factors of Production

Opportunity Cost

Production Possibility Curves

Increasing Opportunity Cost

Non-Optimal combinations

Basic Economic Principles

Shifts in Demand

Price Mechanism

Mechanical Energy

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