Examlex
You want to help improve the rate of recycling cans and bottles on your campus and the administration is allowing you to design a sign to encourage recycling.According to your textbook,a particularly effective strategy for your poster might be to use an appeal based on ________ norms,saying that many students choose to ________.
Scarce Resources
Economic concept describing materials or services in limited availability relative to desired uses, necessitating allocation.
Efficient
In economic terms, relates to an allocation of resources in which it is impossible to make any one individual better off without making at least one individual worse off.
Opportunity Cost
Opportunity cost represents the value of the best alternative forgone when a decision is made to choose one option over another.
Parking Permit
A document or label allowing a vehicle to be parked in a designated area or facility.
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