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We have to make choices because: ? we have unlimited income and must decide what to purchase. ? the resources available to us are limited. ? the resources we would like to use in production are infinite. ? with good planning, trade-offs can be avoided.

          We have to make choices because:

? we have unlimited income and must decide what to purchase.
? the resources available to us are limited.
? the resources we would like to use in production are infinite.
? with good planning, trade-offs can be avoided.
        
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We have to make choices because:

? we have unlimited income and must decide what to purchase.
? the resources available to us are limited.
? the resources we would like to use in production are infinite.
? with good planning, trade-offs can be avoided.

Added by Brooke S.

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Principles of Economics
Principles of Economics
Gregory Mankiw 8th Edition
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We have to make choices because: we have unlimited income and must decide what to purchase. the resources available to us are limited. the resources we would like to use in production are infinite. with good planning, trade-offs can be avoided. We have to make choices because @Macmillan Learming we have unlimited income and must decide what to purchase the resources available to us are limited. the resources we would like to use in production are infinite. with good planning,trade-offs can be avoided.
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Transcript

-
00:02 Hello, if you put them correctly, our answer should look like this.
00:09 We have limited resources, limited resources.
00:21 We have unlimited wants and together they bring us to scarcity.
00:35 You should put scarcity in the middle of this.
00:45 Scarcity of goods and services.
00:56 Let me write clearly, it's goods and services.
01:03 We have this economizing problem.
01:05 We must make choices...
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