Knowee
Questions
Features
Study Tools

Who makes decisions and trade-offs in the face of scarce resources?Multiple ChoiceIndividualsBusinessesGovernmentsAll of these choices are correct.

Question

🧐 Not the exact question you are looking for?Go ask a question

Solution 1

The correct answer to the question "Who makes decisions and trade-offs in the face of scarce resources?" is:

All of these choices are correct.

Explanation

  1. Individuals: Individuals make decisions about how to allocate their limited time and money among various choices.
  2. **Businesse Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  

This problem has been solved

Similar Questions

Who makes decisions and trade-offs in the face of scarce resources?Multiple ChoiceIndividualsBusinessesGovernmentsAll of these choices are correct.

Which term defines having to choose among two or more alternatives?Multiple choice question.resource allocationbrain stormingstrategic planningdecision making

One of the three economic questions deals with deciding

2. The selection of best alternative from many alternatives is known as__________. A. selection B. decision-making C. organizing D. budgeting

Choice is necessitated by _____.*1 pointA. demand and supplyB. cost of productionC. production possibility curveD. scarcity of resources

1/2

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.