Which scenario describes studying for an economics course without applying the scarcity principle?
A) I study two hours for every one hour I am in the classroom.
B) I study three afternoons a week until I understand the material or until dinner, whichever comes first.
C) I study with my roommate who is also taking the course, and we discuss economic concepts during any free time we can find.
D) I study for this course and do nothing else.
E) I talk to an economist whenever I have a chance to do so.

Question

Quizplus · Accepted Answer

This scenario does not incorporate the scarcity principle because it does not consider trade-offs or opportunity costs. This student is putting all their time and effort into studying for this course, without considering other obligations or activities they may need to sacrifice.

Which Scenario Describes Studying for an Economics Course Without Applying