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Scarcity and Choice
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Scarcity and Choice
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0. Basic Principles of Economics / Scarcity and Choice / Problem 4
Problem 4
How do trade-offs relate to opportunity cost?
A
Trade-offs are the same as opportunity cost.
B
Trade-offs result in opportunity costs.
C
Trade-offs and opportunity cost are unrelated.
D
Opportunity cost eliminates the need for trade-offs.
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