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Categories:: 6.3.9. Scarcity and Choice
Statements:
B. Analyze how unlimited wants and limited resources affect decision- making.
C. Explain how resources can be used in different ways to produce different goods and services.
D. Explain marginal analysis and decision-making.
E. Explain the opportunity cost of a public choice from different perspectives.
F. Explain how incentives affect the behaviors of workers, savers, consumers and producers.
A. Describe ways to deal with scarcity.