You notice that when a new yoga class is offered at the student recreation center at a highly desirable time, some students from the other yoga classes go to the new class instead. This statement best represents this economic concept:
A)Resources are scarce.
B)The real cost of something is what you must give up to get it.
C)People usually exploit opportunities to make themselves better off.
D)Marginal analysis.

Question

Quizplus · Accepted Answer

When students switch to a new yoga class at a more desirable time, they are exploiting an opportunity to make themselves better off by choosing a class that better fits their schedule or preferences.

You Notice That When a New Yoga Class Is Offered