clearly demonstrate how intra and inter temporal choice models can make society incur an opportunity cost if not managed adequately and effectively”?
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- As an economist, clearly demonstrate how intra and inter temporal choice models can make society incur an opportunity cost if not managed adequately and effectively.what do you understand by the concepts of intra and inter temporal choice models on material economics, clearly demonstrate how intra and inter temporal choice models can make society incur opportunity cost if not managed adequately and effectively?What are the principle characteristics of positive versus normative economic analysis
- What is the difference between positive and normative analysis? Which of the following statements would entail positive analysis, and which normative analysis? Internet auction companies will erode the profits of local automobile dealerships. The government should impose special taxes on sales of merchandise made over the Internet.The cornerstones of all economic models that help negotiate a tradeoff between complexity and interpretability are scarcity assumptions rationality none of the other choices are correctCould you please explain how the image represents opportunity cost and scarcity in economic terms?