Chapter+2

1. The Economizing Problem

2. Utility

3. Luxuries vs. Necessities

4. Economic Resources - Land and Capital

5. Economic Resources - Labor and Entrepreneurial Ability

6. Productive Efficiency

7. Allocative Efficiency

8. Production Possibility Curves (PPCs) - Generally

9. PPCs - Law of Increasing Opportunity Costs

10. PPCs - Showing Underemployment and Unemployment

11. PPCs - Showing Economic Growth

12. PPCs - Factors that Contribute to Economic Growth

13. PPCs - Consumer vs. Capital Goods

14. Economic Systems - Market, Command and Traditional

15. The Circular Flow Model