Identify elements of scarcity, choice, and opportunity cost

Reference no: EM133336919

Question 1: Prime Minister Justin Trudeau announced on July 13, 2022, that Ottawa and Ontario have signed a deal with Umicore, a global metals refiner, to build a new battery materials facility in the province's Loyalist Township. Umicore, a multinational corporation based in Belgium, will transform metals such as nickel, cobalt and lithium into cathode active battery materials (CAM) at the new eastern Ontario site - materials that are critical to producing lithium-ion batteries for electric vehicles. It is set to open in 2025. (Globe and Mail, July 2022)

Question 2: Identify the elements of scarcity, choice, and opportunity cost for the new battery materials plant.

Reference no: EM133336919

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