Question

Because resources are scarce, all choices involve trade-offs, which means nothing is free.

O True O False

Answer 1

True

Step-by-step explanation:

Resources are scarce and human wants are unlimited. This leads to an individual making choice. The individual would make choice that would maximise utility. In making choices, opportunity cost arises.

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

This shows that nothing is free.

I hope my answer helps you