QUESTION 4
A business chooses to build army tanks rather than butter-making machines, bread machines, or candy vending machines. What are these other alternatives called?
opportunity cost
trade-off
scarcity.
none of the above
2 points
QUESTION 5
What is the main reason people make economic choices?
Their resources are unlimited.
There is an abundance of goods available.
Their resources are limited.
none of the above