In an economy where the problem of scarcity exists, (a) A choice must be made between the
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Question:
In an economy where the problem of scarcity exists,
(a) A choice must be made between the options available.
(b) The concept of opportunity cost does not exist.
(c) It is not necessary to make sacrifices to obtain what one desires.
(d) People do not need to work to obtain goods.
(e) People are constantly suffering from hunger.
Related Book For
Managerial economics applications strategy and tactics
ISBN: 978-1439079232
12th Edition
Authors: James r. mcguigan, R. Charles Moyer, frederick h. deb harris
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