Anything that has alternative uses has an opportunity cost and is, therefore, scarce.

Question

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If something has alternative uses, it means that it can be utilized for multiple purposes. This creates a situation where choosing to allocate the resource for one purpose over another has an opportunity cost - the value of the benefits that could have been obtained from the highest-valued alternative use forgone. This means that the resource is scarce because there are always trade-offs to be made when deciding how to utilize it.

Anything That Has Alternative Uses Has an Opportunity Cost and Is