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    Macroeconomics Principles and Policy Study Set 2
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    Exam 3: The Fundamental Economic Problem: Scarcity and Choice
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    At Various Times, the United States Has Undergone the Painful
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At Various Times, the United States Has Undergone the Painful

Question 1

Question 1

Essay

At various times, the United States has undergone the painful process of reducing military spending. Military bases from the Carolinas to California pleaded to be spared, citing huge job losses if they close. How can one rationally decide which bases to shut down, given the necessity of jobs?

Correct Answer:

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