Question: 1-Briefly describe the term Scarcity and provide two practical examples of this concept. What does Scarcity force people to do? Please explain... 2-Amber has $150

1-Briefly describe the term "Scarcity" and provide two practical examples of this concept. What does Scarcity force people to do? Please explain...

2-Amber has $150 to provide for one of two spending choices: (a) A new Economics textbook or (b) A ticket to a Sean Mendes concert...

A-If Amber decides to go to the concert, what accounting cost and opportunity cost does she face? Please explain...

B-What is Amber's opportunity cost of buying the textbook?

C-Is there any way that she can avoid facing an opportunity cost? Explain...

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