Answer the following openended questions:

1.) Scarcity and effciency are not included as part of the foundations of economics, do you think that they should be included or not - support the answer.

2.) My landscaper is good at mowing lawns, but I am not. I am good at teaching economics and my landscaper is not. Make a case for specialization and trade, can you forsee any circumstances where it might be better off if I just mow my own lawn?

Answer rating: 100% (QA)

Answer 1 Scarcity and efficiency are fundamental concepts in economics that provide the framework for understanding how resources are allocated and ut... View the full answer