In your own words (don't quote the text), explain as completely as you can what an economist means by scarcity and oppor

[answerhappygod]

In your own words (don't quote the text), explain as completelyas you can what an economist means by scarcity and opportunitycost. How do the 2 concepts relate? Link them. What do resourceshave to do with this? Are scarcity and shortage the same? Explain.What do economists mean when they cite opportunity cost and what'sthe connection between opportunity cost and scarcity? Why doeseconomic theory argue that we can't "have it all"? Organization anda logical development is important.
You will have to take these questions and those under the papertips and ORGANIZE them into a LOGICAL sequence.... simply answeringthe prompts as they appear therefore is NOT a logical sequence.