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1. Describe the relationship between choice and opportunity cost. 2. Explain how comparative advantage, specialization, and exchange affect economic outcomes (output)
1. Describe the relationship between choice and opportunity cost. 2. Explain how comparative advantage, specialization, and exchange affect economic outcomes (output)
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Essentials of Economics
Authors: N. Gregory Mankiw
8th edition
1337091995, 978-1337515351, 1337515353, 978-1337091992
