Because of scarcity, every economic decision involves
A)a trade-off.
B)a free good.
C)a trade-in.
D)an increasing cost.
E)a money payment.

Name: Because of scarcity, every economic decision involves A)a trade-off. B)a free good. C)a trade-in. D)an increasing cost. E)a money payment.
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Question

Quizplus · Accepted Answer

Scarcity means there are not enough resources to satisfy all our wants and needs. Therefore, every decision involves choosing one option over another, which is called a trade-off.

Because of Scarcity, Every Economic Decision Involves