Josh wants to go to the football game this weekend, but he has a paper due on Monday. It will take him the whole weekend to write the paper. Josh decided to stay home and work on the paper. According to the scarcity principle, the reason Josh didn't go to the game is that:

Question

Quizplus · Accepted Answer

The scarcity principle suggests that individuals have to make choices because resources are limited. In Josh's case, his limited resource is time. He only has the weekend to write the paper, and going to the football game would take up valuable time that he needs to complete the assignment. Therefore, the reason Josh didn't go to the game is that he doesn't have enough time to do both the paper and attend the game. Option A is irrelevant since Josh's preference isn't a factor here. Option B is incorrect because the question doesn't suggest anything about the comparative difficulty of either task. Option D is incorrect since the question doesn't mention anything related to the cost of the football game.

Josh Wants to Go to the Football Game This Weekend