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Apply these concepts correctly

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Consider the key economic concepts discussed in LP 1 such as opportunity cost, voluntary exchange, diminishing returns, the real-nominal principle, and the marginal principle. Using the NAU online library find a newspaper or popular press magazine article(s) that discusses these concepts being used in real world situations. Analyze the decisions made, or not made, by the economic agents in the article. Did they apply these concepts correctly? Why or why not. Be sure to defend your answer and cite your sources.

Reference no: EM131576984

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