The concept of ________ explains that making one choice means an individual will not have the time,resources,or energy to do something else.
A) scarcity
B) negative incentives
C) trade-offs
D) opportunity cost
E) marginal benefit
Correct Answer:
Verified
Q96: Decisions by individuals and firms are the
Q97: Without scarcity,the study of _ would be
Q98: What creates comparative advantage?
A) lower costs
B) higher
Q99: According to economic thinking,the presence of scarcity
Q100: Many stores are open 24 hours a
Q102: When an individual chooses to act,he or
Q103: Which statement represents a rational application of
Q104: Why do incentives matter to economists?
A) People
Q105: Hassan enjoys lifting weights in his spare
Q106: What is NOT a possible opportunity cost
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