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how opportunity coast relate to Economics ?
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- Would an op-ed piece in a newspaper urging the adoption of a particular economic policy be a positive or normative statement?Emily buys an air conditioner that costs $700. Because the air in her home is cleaner, its use saves her $250 in curtain cleaning costs over the lifetime of the air conditioner. In money terms, what is the opportunity cost of the air conditioner?What is scarcity? Can you think of two causes of scarcity?
