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How does scarcity lead to trade-offs?

A. Because resources are limited, we cannot have everything we want at the same time; choosing one option means giving up the chance to have something else.
B. Scarcity has no bearing on the decision-making process.
C. Scarcity signifies that everything is readily available and free of charge, so we can have what we desire whenever we want it.
D. Scarcity only affects businesses and their operations.

Sagot :

GinnyAnsweridn

Final answer:

Scarcity in Economics leads to trade-offs where individuals must make choices between alternatives due to limited resources.


Explanation:

Scarcity is a fundamental concept in economics, where unlimited wants and needs meet fixed resources, leading to the inability to have everything desired simultaneously. This condition forces individuals to make trade-offs by choosing one option over another, resulting in giving up the opportunity to have something else.


Learn more about Scarcity and Trade-offs here:

https://brainly.com/question/37977796


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