Advanced Placement (AP) College

Why does every decision involve trade-offs?
A. because some decisions are made for business, others for society
B. because some people have more money than others
C. because everyone's resources are limited
D. because everyone has to make sacrifices

Answers

Answer 1

Answer:because everyone's resources are limited

Explanation:

A trade-off occurs when an individual has to lose a particular thing for the individual to gain something else. When there is an increase with regards to something, thus ultimately leads to a reduction elsewhere.

We make trade off due to resource scarcity. Due to the limited resources that we have, we have to make choices and choose something at the expense of another thing.

Answer 2

Every decision involves trade-offs because everyone's resources are limited, and making one choice often means giving up or sacrificing other options due to scarcity or constraints. Thus, option C is correct.

Scarcity refers to the fundamental economic concept that resources are limited or finite, while human wants and needs are unlimited. It is the condition of having insufficient resources to fulfill all desired uses or demands.

In other words, scarcity arises from the inherent mismatch between unlimited wants and limited resources.

This condition forces individuals, businesses, and societies to make choices and trade-offs to allocate resources efficiently and effectively, prioritizing certain needs or wants over others.

Scarcity is a fundamental concept that underlies various economic decisions and is a key driver of economic behavior and decision-making.

Therefore, option C is correct.

Learn more about scarcity here:

https://brainly.com/question/24592439

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