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Fahad's parents are concerned about the amount of time he spends on his playstation instead of doing his homework. Fahad argues that he can do both properly. What is the economic problem that Fahad faces?
What is the economic problem that requires people and groups to make choices?
What is the economic term that describes goods that are plentiful and have no cost, e.g., sunshine, clouds.
List examples of values that people may hold.
Objects (items) that have a physical presence are things that can be seen and touched. These objects are called:
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