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Textbook: Economics For Today 8th ed
Author: Irvin B. Tucker
Part A: Use the two big questions of economics and the economic way of thinking to answer about the economic life of a homeless person.
Does he face scarcity?
Does he make choices?
Can you interpret his choices as being in his own best interest?
Can either his own choices or the choices of others make him better off? If so, how?
Part B: Do you consider economics to be a study of "money utilization"? Please briefly explain your thoughts.
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