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If a student spends three years in education, the opportunity cost is the lost potential of earning from a full-time job. This cookie is set by Casalemedia and is used for targeted advertisement purposes. This is done by matching "tidal_ttid" with a partner's user ID inorder to recognise the same user. For example, the government may wish to cut benefits to those on low income to increase incentives to work. 0000003426 00000 n 0000001425 00000 n This cookie is set by the provider Getsitecontrol. This cookie is used for sharing of links on social media platforms. 0000003347 00000 n

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The purpose of the cookie is to enable LinkedIn functionalities on the page. /Ascent 905 Opportunity cost is the next best alternative foregone. This information is them used to customize the relevant ads to be displayed to the users. sciences consumer metcalfe uky edu This ID is used to continue to identify users across different sessions and track their activities on the website. This cookie is used for advertising purposes. This domain of this cookie is owned by Rocketfuel. }5>2$f~3t}y74 8+C)}EgA/cJAB$"nmJUAdV\S[EK9PIzn`00xh5P8#pCUhnk+-ja88J%#(C%,2Au/ g0w$r a.TV&D0 KB

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Therefore because of scarcity, economics is concerned with: Households have limited income and they need to decide how to spend their finite income. This Cookie is set by DoubleClick which is owned by Google.

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/StemV 138 However, cutting benefits will increase inequality and relative poverty. Householders will also face decisions on how much to work. endobj Helps users identify the users and lets the users use twitter related features from the webpage they are visiting. <]>> This cookie also helps to understand which sale has been generated by as a result of the advertisement served by third party. But opting out of some of these cookies may affect your browsing experience. /StemV 88 /FontName /ArialMT x `SU}/K'6m6M'(J[P(bkl 2 0 obj The cookie stores a unique ID used for identifying the return users device and to provide them with relevant ads.

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35 0 obj <>stream This leaves 10,000 for deciding which other food, clothes, transport and other goods to purchase.

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This coookie is used to collect data on visitor preference and behaviour on website inorder to serve them with relevant content and advertisement. This cookie helps to categorise the users interest and to create profiles in terms of resales of targeted marketing. The cookie sets a unique anonymous ID for a website visitor. /FontWeight 700 By using our site, you agree to our collection of information through the use of cookies. << /BaseFont /ArialMT This cookie is used to keep track of the last day when the user ID synced with a partner. So it will need to produce the goods which are in high demand and respond to changing demands and buying habits of consumers for example, switching to online sales as the high street declines. This cookie is used to store a random ID to avoid counting a visitor more than once. /FontDescriptor 29 0 R These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. The main purpose of this cookie is targeting and advertising. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Finite resources mean they are limited and can run out. This cookie is used to track the individual sessions on the website, which allows the website to compile statistical data from multiple visits.

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