Figure 21-17 
-Refer to Figure 21-17.Bundle C represents a point where
Definitions:
Scarcity
A fundamental economic problem of having seemingly limitless human wants in a world of limited resources.
Choices
Decisions made by individuals or organizations among two or more alternatives.
Resources
The total means available for economic and political development, such as minerals, labor force, and financial wealth.
Depression
A harsh and long-lasting decline in economic operations, featuring a marked decrease in the GDP, rising unemployment figures, and continued decrease in prices.
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