Scarcity occurs because incomes are not allocated fairly.
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Q19: Costs that cannot be avoided, regardless of
Q20: Making a rational decision about whether to
Q21: Scarce resources create an 'economic problem' because
Q22: Which of the following could help to
Q23: The purchase of final goods and services
Q25: Inputs are often called factors of production.
Q26: Capital goods are products which are owned
Q27: A reduction in supply will normally reduce
Q28: Governments only ever intervene in the economy
Q29: Microeconomics would consider questions such as what
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