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answer the following: 1. What determines whether or not a resource is a scarce? In what way do you economize (apply economics) as you go

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1. What determines whether or not a resource is a scarce? In what way do you economize (apply economics) as you go along your daily activities? 2. Cite the opportunity cost (monetary and non-monetary) of taking an exam in your economics class instead of attending a Php 5,000 ticket concert of your favorite artists

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