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Categories:: 6.3.12. Scarcity and Choice
Statements:
A. Analyze actions taken as a result of scarcity issues in the regional, national and international economies.
B. Evaluate the economic reasoning behind a choice.
C. Evaluate the allocation of resources used to produce goods and services.
D. Evaluate regional, national or international economic decisions using marginal analysis.
E. Analyze the opportunity cost of decisions by individuals, businesses, communities and nations.
F. Evaluate in terms of marginal analysis how incentives influence decisions of consumers, producers and policy makers.