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One day, Martha wakes up and in frustration yells, "Decisions, decisions, decisions! Why do I have to make decisions about everything?" Martha's frustrations stem from the fact that:

a) She lacks information for decision-making
b) There is no scarcity of resources
c) Choices involve trade-offs
d) Preferences are consistent

User GMBrian
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Final answer:

Martha's frustration reflects the economic principle that choices involve trade-offs due to the scarcity of resources. Making decisions with imperfect information is a fundamental aspect of daily life, as we must prioritize our unlimited wants against our limited resources.

Step-by-step explanation:

Martha's frustration with having to make decisions about everything illustrates the concept that choices involve trade-offs. This situation is viewed through an economics lens, where individuals and businesses must make decisions daily due to the scarcity of resources. You can't have everything you want because your wants are unlimited, but the resources to satisfy those wants are limited. Whether it is deciding what to have for breakfast, which route to take to class, or whether to double major, these decisions are made with available information, which economists call 'imperfect' because it is rare to have all the data needed to make perfect decisions. Despite this, hundreds of daily decisions are faced, each determined by how we use our limited resources to satisfy our endless wants and needs.

User TheGentleman
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