Question

How does scarcity impact personal financial decision making?

A.
Some people benefit from resources while others do not.
B.
The whole population must struggle to meet their needs.
C.
Consumers are affected by different geographical areas.
D.
Consumers must make trade-offs to buy what they need.

Answer 1

D. Consumers must make trade-offs to buy what they need

Answer 2

D: Consumers must make trade-offs to buy what they need.

Step-by-step explanation:

Scarcity lead people to some financial decisions such as making trade-offs , which is an acceptable balance between two opposing things that someone wants, a situation in which people accept something that they don't like or want but that makes it possobible for them to obtain what they want or need. This is called trade-off decisions.