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ADM 614 Topic 1 Discussion 2 Scarcity And Poverty

ADM 614 Topic 1 Discussion 2 Scarcity And Poverty NEW
The economic way of thinking requires administrators to incorporate eight principles. One of the principles relates to “tradeoffs” and another principle relates to “opportunity costs” for scarce resources. Describe how public administrators must make trade-offs by assessing opportunity costs relating to scarce resources.

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