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What is scarcity

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Question 1. What is scarcity? If there are no scarcity of resources, then economics will be ceased to exist. Do you agree with statement? If your answer is yes, explain; if your answer is no, explain. Offer examples in your answer.

Question 2. There is no such thing as a "free lunch." Do you agree or disagree. Discuss and offer examples.

Reference no: EM133093546

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