The armed forces rely exclusively on volunteers to fill their ranks. According to economic theory, what type of people are the military personnel most likely to consist of?

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According to economic theory, people will choose the option that provides them with the greatest benefit or value. Therefore, individuals who join the military are most likely those who have limited other options or opportunities available to them, making the value of joining the military higher in comparison. This is known as the concept of "opportunity cost." While patriotism and a desire to serve may play a role in an individual's decision to join the military, they are not the only or primary motivating factors. Therefore, option D, "People who have lower valued opportunities available," is the most likely type of individual to join the military according to economic theory.

The Armed Forces Rely Exclusively on Volunteers to Fill Their