6 Explain the link between scarcity and each of the following: (a) choice, (b) opportunity cost, (c)

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6 Explain the link between scarcity and each of the following:

(a) choice,

(b) opportunity cost,

(c) the need for a rationing device,

(d) competition.

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Economics

ISBN: 9780324595420

9th Edition

Authors: Roger A. Arnold

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