Auroragon Auroragon

14-06-2021
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What is the basic relationship between scarcity and choice? A) Absolute Advantage B) Free Enterprise C) Strategic Industry D) Planned Economy

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sam9856 sam9856

19-06-2021

Answer:

Absolute Advantage

Explanation:

Scarcity means that people want more than is available. Scarcity requires choice. People must choose which of their desires they will satisfy and which they will leave unsatisfied. When we, either as individuals or as a society, chooses more of something, scarcity forces us to take less of something else.

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