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Economists look at any situation in terms of its component parts: the people making decisions, the environment in which they're making those decisions, and the
Economists look at any situation in terms of its component parts: the people making decisions, the environment in which they're making those decisions, and the goods or services being exchanged. For example, think about a wedding celebration. Which of the following wedding-related items are durable goods? Check alf that apply. [J Flowers for a wedding reception O an engagement ring (J Getting your hair done for a wedding [J A wedding ring
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