2 State True or False and explain why. (a) Resources are of economic concern only if...

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2 State True or False and explain why. (a) Resources are of economic concern only if they are scarce. (b) There is no such thing as a free lunch. (c) In the absence of technological advance, Costa Rica cannot have more of both livestock production and ecosystem service unless it was operating inefficiently initially. (d) The postulate that resources are fungible renders the problem of scarcity manageable. 2 State True or False and explain why. (a) Resources are of economic concern only if they are scarce. (b) There is no such thing as a free lunch. (c) In the absence of technological advance, Costa Rica cannot have more of both livestock production and ecosystem service unless it was operating inefficiently initially. (d) The postulate that resources are fungible renders the problem of scarcity manageable.

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Answer a True Resources when in limited amounts must be effectively allocated between different sect... View the full answer