Scarcity and Choice
Completion requirements
Watch this video on scarcity and choice. How do we make choices based on
our self-interest when resources are scarce? We know that satisfying
unlimited wants is impossible. Finding ways to use scarce resources to
optimize society's well-being is one of the most important tasks of
economics.
Source: Mary J. McGlasson, https://www.youtube.com/watch?v=yoVc_S_gd_0
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Last modified: Wednesday, 24 January 2024, 8:32 PM