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Which of the following statements about thinking like an economist is NOT true?

A

Sunshine is not scarce because it is is not limited, and it is also a free good.

B

Because it is limited, the Bubonic Plague, is scarce.

C

An important opportunity cost of going to college is lost earnings.

D

Each country should specialize in what they do comparatively better.

E

GDP is a measure of economic activity.

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