Question

In: Economics

Choices are necessary because Group of answer choices a.Individuals can have more of something without giving...

Choices are necessary because

Group of answer choices

a.Individuals can have more of something without giving up anything

b.Resources are limited

c.Making choices is interesting

d.The government collects taxes on everything

Solutions

Expert Solution

Option B.

  • Choices are necessary because resources are limited within a nation.
  • The amount of resources available are very limited when compared to the people's needs and requirements.
  • These limited resources cannot satisfy all productive wants of people.
  • Hence people must make choices on what to produce using those limited resources.

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