Describe some of the trade-offs faced by each of the following: a. A family deciding whether to

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Describe some of the trade-offs faced by each of the following: 

a. A family deciding whether to buy a car.

b. A member of Congress deciding how much to spend on national parks.

c. A company president deciding whether to open a new factory.

d. A professor deciding how much to prepare for class. 

e. A recent college graduate deciding whether to go to graduate school.

f. A single parent with small children deciding whether to take a job.

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Principles Of Economics

ISBN: 9780357722718

10th Edition

Authors: N. Gregory Mankiw

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