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Question: 1 if you were in a position to run our...

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1. If you were in a position to run our economy, what steps would you take to raise our rate of economic growth? 2. Give an example of an opportunity cost for an individual an a nation. 3. Would it be harder for a nation to attain full employment or full production? Explain. 4. What is the opportunity cost you incurred by going to college? 5. Why is scarcity central to economics? 6. Can you think of any decisions you may have recently made that incurred opportunity cost? 7. Why is entrepreneurship central to every business firm?

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