10
QuizMultiple Choice

Opportunity Cost

Question 10 • (Galli)WCA 2221 Civics/Economics 1st nine weeks 26-27

Which of the following are examples of limited resources on the part of consumers?

Answer
p
product and space
m
money and product
t
time and money
s
space and time

Explanation

Consumers have limited time and money to satisfy their wants. Because both are scarce, they must decide how to use them—for example, how much to spend and which activities to make time for. “Time and money” is therefore the correct choice.

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