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Chapter 8 Building Blocks in Economics the Problem of Choice - Part 3

What happens when a resource is allocated to one use?

Type: MCQ • Marks: 1
What happens when a resource is allocated to one use?
Options
A. All alternative uses increase automatically
B. It may become unavailable for another use at the same time
C. Scarcity disappears
D. Wants disappear
Explanation
Explanation: This is the basis of opportunity cost.
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Class 9th Understanding Society India and Beyond, Part I

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