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Paul was given some land by his grandfather. With this small plot of land, he opened a bakery. He was a making a profit of
Paul was given some land by his grandfather. With this small plot of land, he opened a bakery. He was a making a profit of $5000 per month and was quite happy with it. However, he was not so happy after his sister told him he could rent out that land for the same amount of money without doing any work. Paul forgot about which key concept in economics: 0 Inflation 0 Recession O The Lazy way is the best way 0 Opportunity Cost 0 Aggregate Demand
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