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Scarcity in Relation to Wants Means You Face Trade-Offs; Therefore

Question 228

Multiple Choice

Scarcity in relation to wants means you face trade-offs; therefore, having to make choices is which of the ten key concepts to retain for a lifetime?

A) Facing trade-offs
B) Opportunity cost
C) Choosing a little more or a little less
D) The influence of incentives

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