Question

When there is scarcity and choice there is/are _______.

a. no options.
c. risk.
b. costs.
d. opportunity.
User: productivity

Answer 1

Hello there.

When there is scarcity and choice there is/are _______.

b. costs.

Answer 2

The answer is: B. Costs

When there is a scarcity and choices for certain resources, 2 situations would happen:

- it would be harder for ALL people who want the resources to actually get it.

- some people would make plans/choices that make them able to collect more resources than others.

This means that most people who want them but cannot collect it would have to pay a certain amount of costs to the people who have the resources in order to get it.