Asked by
Rurangwa Kayitare
on Oct 27, 2024
Verified
We are forced to make choices because of:
A) exploitation.
B) efficiency.
C) scarcity.
D) the margin.
Scarcity
A fundamental economic problem of having seemingly unlimited human wants in a world with limited resources.
- Comprehend the principle of scarcity and its effects on choices made in economics.
- Recognize the importance of making choices due to scarce resources and its impact on opportunity cost.
Verified Answer
MF
Learning Objectives
- Comprehend the principle of scarcity and its effects on choices made in economics.
- Recognize the importance of making choices due to scarce resources and its impact on opportunity cost.