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What is Scarcity, give an example and explain how your selected item is scarce. How can you use a CBA (Cost Benefit Analysis) in your
- What is Scarcity, give an example and explain how your selected "item" is scarce.
- How can you use a CBA (Cost Benefit Analysis) in your personal life?
- What is specialization and give an example.
- Give an example of how a professional sports team can use a CBA when signing players
- Explain the difference between micro and macro specialization, citing examples.
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