Because resources are scarce,economists would say that
A) the best things in life are always free.
B) people's wants are unlimited.
C) every choice has an opportunity cost.
D) anything worth doing is worth doing well.
E) there are no benefits from cooperation.

Question

Quizplus · Accepted Answer

The principle of opportunity cost states that every time a choice is made, a trade-off must occur, and one must give up something to gain something else. This is due to the fact that resources are limited; therefore, choices must be made about how to allocate these resources. Option A, B, D, and E are not accurate statements, in the context of scarcity and economics.

Because Resources Are Scarce,economists Would Say That