The microeconomics in context model

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Reference no: EM131006624

The Microeconomics in Context model:

a. places the human economy within a finite and non-growing biophysical system

b. contends that human labor is the source of all value

c. holds the position that there are no limits to the growth of the macroeconomy

d. ignores the role of energy in the economy

Reference no: EM131006624

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