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How can the concepts of opportunity costs, scarcity and choice be illustrated by the production possibilities curve?
Altruistic Nature
An inherent tendency to be concerned for the welfare of others, often leading to selfless acts.
Predicting The Future
The act of forecasting upcoming events or trends based on current or historical data analysis.
Past Experiences
Past experiences refer to previous life events or activities that influence one's present behavior, perceptions, and decisions.
Foresight
The ability to anticipate future trends, challenges, or needs, and plan actions accordingly.
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