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Author Question: Scarcity implies that choices must be made. Making choices implies (Read 132 times)

trevg

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on: Oct 12, 2022

Question 1

Because resources are scarce, individuals are required to
◦ use resources inefficiently.
◦ make choices among alternatives.
◦ improve production but not distribution.
◦ improve distribution but not production.
◦ sacrifice production but not consumption.

Question 2

Scarcity implies that choices must be made. Making choices implies
◦ the wasteful use of resources.
◦ the existence of opportunity costs.
◦ the existence of costs of production.
◦ that scarcity can be eliminated.
◦ both C and D above.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by trevg on Oct 12, 2022

nikspatel037

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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trevg

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

ricroger

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Reply 3 on: Yesterday
Excellent

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