"The alarm went off, the sun rose, and I had to make a choice; microeconomics class orsleep longer." The scarce resource in this case is
A) time
B) logical ability
C) textbooks
D) alarm clocks
E) sunshine

Question

Quizplus · Accepted Answer

Time is the scarce resource because the individual must choose between attending class or sleeping longer, indicating a limitation in available time to do both desired activities.

"The Alarm Went Off, the Sun Rose, and I Had