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The first question economists use to break down problems - What are the wants and constraints of those involved? - is based on the existence
The first question economists use to break down problems - "What are the wants and constraints of those involved?" - is based on the existence of O marginal analysis. O laws. O economics. O scarcity.If people have never implemented an idea that you believe offers substantial opportunity: Multiple Choice O It is likely that you are being irrational. O you should seek a low interest loan immediately in order to launch your product. O you might be missing something in your evaluation, You should carefully revisit the first three economists' questions. O you should conclude that it can't be profitable. Inflation occurs when the overall price level measured by the _is rising. Multiple Choice O Gross Domestic Product O Consumer Price Index Unemployment rate O Inflation rate After investigating an idea to open a rooftop restaurant in the downtown area of your community, you discover that any rooftop restaurant would violate city regulations. These circumstances would not be considered normal due to: Multiple Choice O innovation. O market failure. O goals other than profit O Intervention
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