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How the invisible hand of self interest influences

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Reference no: EM132519175

In what ways does "scarcity" play a role in your daily life and decision making?

In answering this question everyone should also consider discussing:

  • How the invisible hand of self interest influences our decision making
  • The four principles that guide choices made by individuals
  • Explaining how trade-offs and opportunity costs fit into the decision making process
  • Possibly look at charting a Production Possibility Frontier that illustrates a specific decision

I would suggest bringing in specific examples from the text and other sources when developing your discussion contributions for this module.

Reference no: EM132519175

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