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Econ Micro 1A
Chapter 1
15
Economics
Undergraduate 1
04/22/2009
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Term
Scarcity
 Definition
Term
Economics
 Definition
Term
Efficiency
 Definition
Term
Equality
 Definition
Term
Opportunity Cost
 Definition
Term
Rational people
 Definition
Term
Marginal Changes
 Definition
Term
Incentive
 Definition
Term
Market Economy
 Definition
Term
Property Rights
 Definition
Term
Market Failure
 Definition
Term
Externality
 Definition
Term
Market Power
 Definition
Term
Productivity
 Definition
Term
Inflation
 Definition
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