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In what ways does scarcity play a role in your daily life and decision making? In answering this question everyone should also consider discussing: How
- In what ways does "scarcity" play a role in your daily life and decision making?
In answering this question everyone should also consider discussing:
- How the invisible hand of self interest influences our decision making
- The four principles that guide choices made by individuals
- Explaining how trade-offs and opportunity costs fit into the decision making process
- Possibly look at charting a Production Possibility Frontier that illustrates a specific decision
I would suggest bringing in specific examples from the text and other sources when developing your discussion contributions for this module.
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