BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Selecting an item or action
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Scarcity
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choice
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opportunity cost
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resources
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Explanation:
Detailed explanation-1: -choice Selecting an item or action from a set of possible alternatives. consumption The using of goods and services. demand The amount of a good or service that consumers are willing to buy at a certain price. incentives Things that motivate people to change economic behavior.
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