The claim that human beings are constantly faced with the necessity to "make choices," and the idea that every choice is accompanied by an opportunity cost, are emphasized in economics because
A) resource scarcity is not a problem for most people.
B) resources are assumed to be relatively scarce.
C) final goods and services are not relatively scarce.
D) human beings, on the average, are assumed to be irrational decision makers.
E) resource prices typically are generally very poor good indicators of relative scarcity.

Question

Quizplus · Accepted Answer

Resource scarcity in the economy necessitates choices and creates opportunity costs.

The Claim That Human Beings Are Constantly Faced with the Necessity