Macroeconomics
Macroeconomics
13th Edition
ISBN: 9780134735696
Author: PARKIN, Michael
Publisher: Pearson,
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Chapter 1, Problem 3SPA

Explain how the following news headlines concern self-interest and the social interest.

  1. a. Starbucks Expands in China
  2. b. McDonald’s Moves into Online Ordering
  3. c. Food Must Be Labeled with Nutrition Data
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The statement that describes the term Scarcity is __________________ a. the government is spending too much b. a shortage of resources, goods or services c. No wants are found in the economy d. there is too much competition in the market
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