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Economic Concepts WorksheetEssay Preview: Economic Concepts WorksheetReport this essayRunning head: ECONOMIC CONCEPTS WORKSHEETEconomic Concepts WorksheetUniversity of PhoenixMBA501 Forces Influencing Business in the 21st CenturyEconomic Concepts WorksheetConceptApplication of Concept from Personal ExperienceReference to Concept in ReadingLaw of Increasing Opportunity CostAs more resources are moved from the allocation towards the production of one good to the production.