Carefully define the following terms and explain their importance to the study of economics. resources b. rational decision c. scarcity d....

80. Carefully define the following terms and explain their importance to the study of economics. A. resources b. rational decision c. scarcity d. opportunity cost e. economic growth 81. President Bill Clinton assigned his wife to the task of developing a national health insurance plan to increase the availability of medical care for the poor. How would one determine the opportunity cost of the proposal? 82. Why might the money price for something be higher than the opportunity cost? Why might it be lower?