Which scenario describes studying for an economics course WITHOUT applying the scarcity principle?
A) I study two hours for every one hour I am in the classroom.
B) I study three afternoons a week until I understand the material or until dinner, whichever comes first.
C) I study with my roommate, who is also taking the course, and we discuss economic concepts during any free time we can find.
D) I study for this course and do nothing else.
E) I talk to an economist whenever I have a chance to do so.

Question

Quizplus · Accepted Answer

This scenario does not involve applying the scarcity principle because it does not involve making choices between different alternatives with limited resources. The other options all involve making choices with limited time, study partners, or opportunities to talk to an economist, which require the application of the scarcity principle.

Which Scenario Describes Studying for an Economics Course WITHOUT Applying