The logical sequence of basic concepts in economics is

Economics JAMB 2007

The logical sequence of basic concepts in economics is

  • Wants, scarcity, choice and opportunity cost checkmark
  • Wants , choice, scarcity and opportunity cost
  • Scarcity, wants , choice and scale of perference
  • Scarcity, choice ,scale of preference and opportunity cost.

The correct answer is: A

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