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Kindly make your answer long. 1. Using Rational Choice Theory, explain how we can somewhat predict the social consequences of decision making based on scarcity.

Kindly make your answer long. 1. Using Rational Choice Theory, explain how we can somewhat predict the social consequences of decision making based on scarcity. Cite a case or example using your own experience. 2. Under Institutionalism, explain how informal and formal institutions constrain social behavior. Use your own experience in citing an example. Note: I'm still student.

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