Asked by
Natalie Rengifo
on Oct 27, 2024Verified
Corner offices in high-rise office buildings usually cost more to rent than other offices.This BEST illustrates the economic concept of:
A) specialization.
B) scarcity.
C) equilibrium.
D) opportunity costs.
Corner Offices
Offices located at the corner of a building, often implying a prestigious or desirable location typically occupied by senior executives.
Economic Concept
A theoretical idea or principle that forms the basis of economic analysis and understanding, such as supply and demand.
High-rise
A building that is significantly taller than the average structure, often used for residential or commercial purposes.
- Grasp the concept of scarcity and how it impacts economic decisions.
Verified Answer
AQ
Learning Objectives
- Grasp the concept of scarcity and how it impacts economic decisions.