Economy, asked by virkmanraz, 8 months ago

13. Because we face scarcity, every 1 point
choice involves :-*
0 the question "what"
O money
O giving up something for nothing
O an opportunity cost​

Answers

Answered by rajeshtiwari111988
3

Answer:

an opportunity cost

Explanation:

I hope it helps you

Answered by Anonymous
0

The choice involves  an opportunity cost​

  • Due to scarcity, people are all confronted with the fact that our abilities are limited.
  • Due to scarcity, whenever one thing is done, a person must inevitably forego doing something else valuable.
  • The entire amount of money a person needs to forfeit in order to achieve what they desire in terms of other commodities is the opportunity price.
  • For example: If one spends time and money going to the movies, they can't spend that time reading a book at home, and can't spend the money on something else.
  • Therefore, as scarcity is faced an opportunity cost​ is involved.

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