Scarcity arises from limited resources. For this reason, all economic choices involve

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Scarcity arises from limited resources. For this reason, all economic choices involve

Scarcity arises from limited resources. For this reason, all economic choices involve

▸ a value judgement.

▸ complementary ends.

▸ an educated decision.

▸ greed.

▸ an opportunity cost.

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Microeconomics

Edition: 17^th

Author: Ragan

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