When we are forced to make choices,we are facing the concept of:

A) human capital.
B) inflation.
C) scarcity.
D) market failure.

Question

When we are forced to make choices,we are facing the concept of:A) human capital.B) inflation.C) scarcity.D) market failure.

Trevelle Ingram · Accepted Answer

Final Answer : C, Explanation :  Scarcity refers to limited resources in comparison to unlimited wants and needs. When we are forced to make choices, it is often because we don't have enough resources (time, money, etc.) to satisfy all of our wants and needs. Therefore, the concept of scarcity applies. A, B, and D are not directly related to the idea of making choices in the face of limited resources.

When we are forced to make choices,we are facing the concept of:

A) human capital.
B) inflation.
C) scarcity.
D) market failure.

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