Benny has one hour before bedtime and he can either watch TV or listen to a new CD.He chooses to listen to the CD.The scarcity problem's influence on Benny is seen in
A) the decision to listen to music.
B) the decision not to watch TV.
C) the fixed amount of time before bed.
D) the decision to choose between TV and music.
E) Benny's taste in music.

Question

Quizplus · Accepted Answer

The scarcity problem is evident in the fixed amount of time that Benny has before bedtime. He cannot watch TV and listen to the CD because he only has one hour, which means he has to choose between the two options. Therefore, the decision to listen to music (A) and not to watch TV (B) are a result of the scarcity problem. Benny's taste in music (E) is not related to the scarcity problem in this scenario.

Benny Has One Hour Before Bedtime and He Can Either