Application of the theory: A real-life situation where you explain the concepts above mentioned responding to the...

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Economics

Application of the theory:
A real-life situation where you explain the concepts abovementioned responding to the question of how has the coronaviruscrisis affected your budget constraint.
Example/Explanation of personal scarcity and choice(s).
Example/Explanation of personal opportunity cost due topersonal choice(s).
Example/Explanation of personal expansion or contraction oftheir budget constraint.
Conclusion of reflection about the effect of coronavirus ontheir life.

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With the covid 19 pandemic going all over the world it has not only hit the economies badly but also has affected on the individual level as well With no employment although governments are providing people with necessities it has become very difficult See Answer

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