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In considering how to allocate its scarce resources among its various members, a household considers. All of the above are correct. Fundamentally, economics deals with. Which of the following is correct? Economists study the management of scarce resources. Because economists believe that people pursue their best interests, they are not interested in how people interact. The overriding reason why households and societies face many decisions is that. A society allocates its scarce resources to various uses.
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