GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Malaysia is arguing about whether we should increase the amount of BR1M next year. This is closely related to the economic concept of
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scarcity
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choice
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opportunity cost
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utility
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Explanation:
Detailed explanation-1: -Answer and Explanation: The correct option is d. Decision makers will always select choices that make them the best off. Economists work with the assumption that all decision-makers within an economy look out for their own welfare.
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