People and organizations have to make choices about how to allocate time and money because
A) government requires it
B) corporations control our lives
C) time and money are both scarce
D) religious values conflict with economics
E) there are unlimited resources

Question

Quizplus · Accepted Answer

Both time and money are limited resources, so people and organizations have to make choices about how to allocate them effectively. This involves weighing the costs and benefits of different options and prioritizing their needs and goals. It is a fundamental aspect of economics and decision-making in general. The other options are not relevant or accurate explanations for why choices about resource allocation must be made.

People and Organizations Have to Make Choices About How to Allocate