which one of the following statements is incorrect Rich people do not expenence scaroty O Because resources are scarce, everyone has to make dhoices O Every time a choiceis made, opportunity cout i inured O The opportunity cost of a partoulr choice is the value of the best opportunityforgone (sanficed) aaret of the choe O The central elements of economics are scaroty and choe
which one of the following statements is incorrect Rich people do not expenence scaroty O Because resources are scarce, everyone has to make dhoices O Every time a choiceis made, opportunity cout i inured O The opportunity cost of a partoulr choice is the value of the best opportunityforgone (sanficed) aaret of the choe O The central elements of economics are scaroty and choe
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![Question 6
Which one of the following statements is incorrect
Rich people do not expenence scarcity
O Because resources are scarce, everyone has to make choices
O Every time a choice is made, opportunity cost is incumed
The opportunity cost of a partiocular choice is the value of the best opportunity forgone (sartced) a a result of the chooe
The central elements of economics are scaroty and chocce](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdda070d7-ce88-4b90-a705-40dc5e2341b4%2F8bed069a-5946-4d5f-9d4b-829a44c22be9%2Fwntw2pn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 6
Which one of the following statements is incorrect
Rich people do not expenence scarcity
O Because resources are scarce, everyone has to make choices
O Every time a choice is made, opportunity cost is incumed
The opportunity cost of a partiocular choice is the value of the best opportunity forgone (sartced) a a result of the chooe
The central elements of economics are scaroty and chocce
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