Q1:For each of the following, describe some of the potential opportunity costs: a. Studying for your...

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Q1:For each of the following, describe some of the potential opportunity costs: a. Studying for your economics test b. Spending 2 hours playing computer games c. Buying a new car instead of keeping the old one d. A local community voting to raise property taxes to increase school expenditures and to reduce class size e. A number of countries working together to build a space station f. Going to graduate school Q1:For each of the following, describe some of the potential opportunity costs: a. Studying for your economics test b. Spending 2 hours playing computer games c. Buying a new car instead of keeping the old one d. A local community voting to raise property taxes to increase school expenditures and to reduce class size e. A number of countries working together to build a space station f. Going to graduate school

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Step 1 of 8 A The fundamental problem in economics is to allocate scarce resources efficiently so th... View the full answer