The choices that are made because of scarcity:
A) are always correct if solved mathematically.
B) differ when they involve people's wants, but are similar when they involve people's needs.
C) depend on the decision maker's value judgments about the relative importance of different alternatives.
D) are important in poor countries, but not in economically advanced countries where people earn high incomes.

Question

Quizplus · Accepted Answer

Choices made due to scarcity depend on the decision maker's value judgments, as they must prioritize between different alternatives based on their perceived importance.

The Choices That Are Made Because of Scarcity