What might that suggest about the economic problem? Download a copy of the following glossary template linked here and write definitions of the words we have used so far, i.e. everything to and including 'Marginal utility'. Use your textbook for the definitions... never just Google it as you need to learn proper IB definitions!! Soon you will have a 10 word vocabulary test (formative). After you finish that, write a paragraph explaining the economic problem and the three questions which need to be answered by any economic system. Rewrite your "Economics is the study of.... " card.
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