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PPF - Price of the Trade
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Problem 1
Problem 2
Problem 3
Problem 4
Problem 5
Problem 6
Problem 7
Problem 8
Problem 9
Problem 10
PPF - Price of the Trade
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2. Introductory Economic Models / PPF - Price of the Trade / Problem 5
Problem 5
How does scarcity affect trade decisions?
A
Scarcity decreases the value of a good, affecting its trade price.
B
Scarcity increases the value of a good, affecting its trade price.
C
Scarcity has no effect on trade decisions.
D
Scarcity only affects the production cost, not trade decisions.
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