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    Exam 1: The Economic Approach
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    If People Willingly Give Up Something (Such as Money) for a Good
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If People Willingly Give Up Something (Such as Money) for a Good

Question 6

Question 6

Multiple Choice

If people willingly give up something (such as money) for a good, then the good is


A) not an economic good.
B) scarce.
C) available in an unlimited supply.
D) a luxury good.

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