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| Question | Answer |
| Opportunity Cost | The Opportunity Cost is the sacrifice of something to gain something else. It is used in order to gain the best thing by giving up the second best thing |
| Economic Problem | The problem with the economy is the lack of resources available which is to a high demand. People always want more resources even though they are limited. |
| Choices and Trade-offs | Making a choice made normally involves trade-off – this means that choosing more of one thing can only be achieved by giving up something else in exchange. |
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