ECONOMICS
SCARCITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Every choice has a ____
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benefit
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opportunity cost
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both
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None of the above
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Explanation:
Detailed explanation-1: -Every choice has an opportunity cost and opportunity costs affect the choices people make. The opportunity cost of any choice is the value of the best alternative that had to be forgone in making that choice.
Detailed explanation-2: -There are two primary choices in life: to accept conditions as they exist, or accept the responsibility for changing them – Denis Waitley.
Detailed explanation-3: -“There are always two choices. Two paths to take. One is easy. And its only reward is that it’s easy.”
Detailed explanation-4: -“Life is about choices. Some we regret, some we’re proud of. Some will haunt us forever. The message: we are what we chose to be.”-Graham Brown.
There is 1 question to complete.