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3 Cards in this Set
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- Back
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All of the following are true statements concerning the concept of "trade-offs" EXCEPT: |
It is limited to the actual cost of the qctiv8you decide to engage in, such we the price you oay for tuition when you decide to attend college. |
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Any time we make a choice, the options we pass up are: |
Trade-offs |
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Any scared resource, product, service, or other source that increases a person's happiness, benefit, or pleasure is referred to by economists as a(n): |
Economic good |
