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What is opportunity cost

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Reference no: EM132983929

1. What is scarcity? Why is it the central economic problem?

2 What is opportunity cost?

3 What is the relationship between scarcity, choice, and opportunity cost?

4. Difference between microeconomics and macroeconomics

5 What are incentiyes?

6 Marginal benefit and marginal cost

Reference no: EM132983929

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