The logical sequence of basic concepts in economics is
ECONOMICS
JAMB 2007
The logical sequence of basic concepts in economics is
- A. Wants, scarcity, choice and opportunity cost
- B. Wants , choice, scarcity and opportunity cost
- C. Scarcity, wants , choice and scale of perference
- D. Scarcity, choice ,scale of preference and opportunity cost
Correct Answer: A. Wants, scarcity, choice and opportunity cost
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