myraclesmith07 myraclesmith07

11-01-2021
Social Studies

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There is an opportunity cost for all economic choices because:

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Kalani569 Kalani569

11-01-2021

Answer:

The opportunity cost of a choice is the value of the best alternative given up. Scarcity is the condition of not being able to have all of the goods and services one wants. It exists because human wants for goods and services exceed the number of goods and services that can be produced using all available resources.

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