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Since economics is broadly defined as the study of the efficient allocation of scarce resources it follows that: a. All of the others involve economics
Since economics is broadly defined as the study of the efficient allocation of scarce resources it follows that: a. All of the others involve economics because of the decisions needed to allocate resources with opportunity costs. b. It does not include Defense which are military matters c. It does not include sports activities d. It does not include painting and other art activities
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