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Q1. Describe the linkage between Scarcity and each of the following; i. Choice ii. Opportunity Cost iii. Competition Q2: Explain your take on the statement

Q1. Describe the linkage between "Scarcity" and each of the following;

i. Choice

ii. Opportunity Cost

iii. Competition

Q2: Explain your take on the statement i.e. "If resources were unlimited and freely available, "Economics, the Science of Choice" would be unnecessary".

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