ECONOMICS: January 11 Learning Target In order to understand the limitations on societies due to the fundamental economic problem, I will recognize that.

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ECONOMICS: January 11 Learning Target In order to understand the limitations on societies due to the fundamental economic problem, I will recognize that people must choose some mixture of products to fulfill their needs and wants. I will know I have it when I can: (1) recognize the challenges arising from the fundamental economic problem; and (2) differentiate between needs, wants, goods, and services. Turn in Course Guidelines signature sheet (HO from Wed.) Scarcity and the Science of Eco. (HO from Wed.) --needs vs. wants review; fundamental economic problem; goods and services; paradox of value --Closure Assignment Make sure you have read Ch. 1, Lesson 1 in e-textbook