Consumers, firms, and governments face __________ because we are faced with the problem of ___________. (A) Marginal analysis; scarcity (B) Specialization and trade; normative economics (C) Trade-offs ; specialization (D) Trade-offs; scarcity (E) Marginal analysis; trade-offs

Consumers, firms, and governments face because we are faced with the problem of _. (A) Marginal analysis; scarcity (B) Specialization and trade; normative economics (C) Trade-offs ; specialization (D) Trade-offs; scarcity (E) Marginal analysis; trade-offs

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter1: What Is Economics

Section1.2: Trade-offs

Problem 3R

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Question: Consumers, firms, and governments face __________ because we are faced with the problem of ___________. (A) Marginal analysis; scarcity (B) Specialization and trade; normative economics (C) Trade-offs ; specialization (D) Trade-offs; scarcity (E) Marginal analysis; trade-offs

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