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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 6
Problem 6
Which of the following best explains the concept of trade-offs?
A
Trade-offs occur when resources are unlimited.
B
Choosing one option means gaining all other options.
C
Trade-offs are irrelevant in decision-making.
D
Choosing one option requires giving up another.
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