Which economic concept is illustrated by the saying "You can't have your cake and eat it too"?
a. Private property rights
b. Economic freedom
c. Scarcity
d. Opportunity cost
e. Gains from trade
d
Economics
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In constructing a production possibilities curve, all of the following are assumed EXCEPT
A) resources are fully employed. B) the quantity and quality of resources being used is fixed. C) the state of technology is improving. D) the time period involved is fixed.
Economics
Define negative externalize and give an example
Please provide the best answer for the statement.
Economics