3.1.1 - Economic Methodology and the Economic Problem, 3.1.2 - The Nature and Purpose of Economic Activity, 3.1.4 - Scarcity, Choice and the Allocation of Resources...
Competency 2 - Economics, Competency 2.1 - analyze how scarcity and opportunity cost influence choices about how to allocate resources, Competency 2.2 - identify how economic systems answer the three basic economic questions...