Write the difference between scarcity and rarity do bill

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What is the difference between scarcity and rarity? Do Bill Gates and Donald Trump face scarcity and if yes, how so? Specifically, what are your opportunity costs of going to college? If all the unemployment in the economy were eliminated, how would this be shown on a production possibilities curve diagram? What would cause the nation's production possibilities curve to shift inward and outward--be sure to give examples.

Reference no: EM13453662

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