Register
Why does scarcity require choice? What is the cost of a choice? Why is scarcity the basis of all economic decisions? Describe how the role of the government in a society influences the three economic questions.
210k views
0 votes
Why does scarcity require choice? What is the cost of a choice? Why is scarcity the basis of all economic decisions? Describe how the role of the government in a society influences the three economic questions.

User Oxfn
by
7.9k points

1 Answer

5 votes

Answer:

Scarcity requires a choice because there will always be two options a country has to pick. If they pick choice #2 then the cost will be choice #1.

Step-by-step explanation:

User Wintour
by
8.7k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

Who was the boy who  became king at the age of 9?
Why did people immigrate to the United States in the late 1800s?
In the peaceful period of the Middle Kingdom, what area of culture thrived?
Why did the slogan Peace Land and Bread appeal to the Russian people?
Why wasn't New England's land well-suited for farming
Link Copied!