Which of the following forces us to choose among alternatives?

Question

Quizplus · Accepted Answer

Scarcity is the force that makes us choose among alternatives as we have limited resources to fulfill our unlimited wants and needs. Marginal utility refers to the additional satisfaction we get from consuming one more unit of a good or service, but it does not necessarily force us to choose among alternatives. Deflation refers to the decrease in the general price level of goods and services, and it does not necessarily force us to choose among alternatives. Rational ignorance refers to the decision to remain uninformed about a certain topic due to the belief that the cost of becoming informed outweighs the benefits, and it does not necessarily force us to choose among alternatives. The fallacy of composition refers to the mistaken belief that what is true for the individual is true for the group, and it does not necessarily force us to choose among alternatives.

Which of the Following Forces Us to Choose Among Alternatives