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Rve 4th Semi
Rve 4th Semi
3. ALTERNATIVE USES
The possible uses of the resources available
Law of OPPORTUNITY COST- the cost of using resources
for a certain purpose that is measured in relation to
alternative purpose that was given up
- Helps us to determine how responsible we are
in making our decisions
OUR MORAL OBLIGATION IS TO CONSTANTLY WEIGH
OUR OPTIONS AND GEAR TOWARD WHAT CAN HELP
US FOSTER ECONOMIC JUSTICE