QUESTION 4 A business chooses to build army tanks rather than butter-making machines, bread machines, or candy vending machines. What are these other alternatives called? opportunity cost trade-off scarcity.

QUESTION 4

A business chooses to build army tanks rather than butter-making machines, bread machines, or candy vending machines. What are these other alternatives called?

opportunity cost

trade-off

scarcity.

none of the above
2 points
QUESTION 5

What is the main reason people make economic choices?

Their resources are unlimited.

There is an abundance of goods available.

Their resources are limited.

none of the above

1 Answer

QUESTION 4 A business chooses to build army tanks rather than butter-making machines, bread machines, or candy vending machines. What are these other alternatives called? opport…

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