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Ja Economics Junior Achievement

Ja Economics Junior Achievement

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Tablo of Contents
 
1. What is Economics?.... 1
 
Human Wants The Want-Satisfaction Chain Resources': The First Step in Satisfying Wants Scarcity and Opportunity' Cost The Economic Way of 'Hanking flunking at the Margin Choice-Making by Businesses
 
Two Branches of Economics: Macroeconomics and Microeconomics
 
2. Free Enterprise in the United States...... .....15
 
The Pillars of Free Enterprise Models
 
Money and the Circular Flow Goals of the U.S. Economic System
 
3. Demand 31
 
Demand and the Price Effect
 
Market Demand
 
The Price Elasticity of Demand
 
The Relationship Between the Price Effect and a Change in. Demand
 
4. Supply .........................47
 
Supplv and the Piki Efffct
 
Market Supplv
 
The Price ELruidn of Surpiv
 
Th. RCma mhty B< e ». di Dice Effect and a Change in Supply
 
5. Market-Clearing Price ..... .......................................................................................61
 
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6. Consumers, Severs. 2? j resto" .......77
 
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A Budgets Influence oil Saving and Investing Choices
 
Consideration in Making Saving and Investment Decisions
 
Where People Put Their Savings
 
Consumer Greetit
 
Obtaining and Using Credit
 
Consumer Protection
 
7. The Business of Free Enterprise .........................................................97
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