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What idea of scarcity means and what it implies

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Reference no: EM133235655

Question 1. What the idea of scarcity means and what it implies? Briefly explain.

Question 2. Does your going to college have anything to do with expanding choices or reducing scarcity? Briefly explain.

Question 3. The United States has an absolute advantage in making many goods, such as short-sleeved golf shirts. Why Indonesia and Bangladesh make these shirts and export them to the United States?

Reference no: EM133235655

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