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27 May, 19:27

Given that resources are scarce?

a. a "free lunch" is possible, but only for a limited number of people.

b. opportunity costs are experienced whenever choices are made.

d. some choices involve opportunity costs while other choices do not.

c. poor countries must make choices, but rich countries with abundant resources do not have to make choices.

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  1. 27 May, 20:52
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    B. opportunity costs are experienced whenever choices are made. this means that for a decision to be made in respect to purchasing items from a supermarket, one will forgo an item based on urgency and if it will bring utility to an individual
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Home » Business » Given that resources are scarce? a. a "free lunch" is possible, but only for a limited number of people. b. opportunity costs are experienced whenever choices are made. d. some choices involve opportunity costs while other choices do not. c.
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