Homework due Friday, February 6
Economics in Our Times, 30-38
Answer Q's 1, 2, & 4 on p. 37 (Economics and People: Adam Smith). Responses MUST be typed, double spaced, Times New Roman, 12 point font. Retype the question before each answer.
Terms to know
private/public property
incentive
profit
total revenue
total cost
Quiz on Friday on Ch. 1
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