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Defend or refute the following statements. Write 'yes' or 'no' with reasons: 14. Opportunity cost refers to explicit cost of production. 15. Centrals problems of

Defend or refute the following statements. Write 'yes' or 'no' with reasons: 14. Opportunity cost refers to explicit cost of production. 15. Centrals problems of an economy are found only in those economics which are not governed or regulated by the government

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