Given its size, the United States does not have to worry about limitations on resources.
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Q1: If the budget deficit was eliminated, the
Q2: Money is scarce, but resources are not.
Q4: Economics examines the options open to households,
Q5: Market economies are not constrained by scarcity;
Q6: Economics examines the options open to households
Q7: Centrally planned economies are not constrained by
Q8: Goods that are actually produced by firms
Q9: Scarcity of resources implies that people must
Q10: The opportunity cost of any decision is
Q11: The scarcity of physical resources is far
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