Who makes decisions and trade-offs in the face of scarce resources?Multiple ChoiceIndividualsBusinessesGovernmentsAll of these choices are correct.
Question
Who makes decisions and trade-offs in the face of scarce resources?
- Multiple Choice
- Individuals
- Businesses
- Governments
- All of these choices are correct.
Solution
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
- Individuals: Individuals make decisions about how to allocate their limited time and money among various choices.
- Businesses: Businesses decide how to use their scarce resources (like capital, labor, and materials) to maximize profits.
- Governments: Governments make trade-offs in their budgets and policies to address public needs with limited resources.
Since all these entities deal with scarcity and make decisions, the most comprehensive answer is "All of these choices are correct."
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