The Trade-Offs That Are Made Because of Scarcity

Multiple Choice

The trade-offs that are made because of scarcity

A) are important in developing economies,but they do not apply to developed economies.
B) are important in developed economies,but they do not apply to developing economies.
C) are different when they involve the wants of people,but they are similar when they involve the needs of people.
D) can be accurately made to the extent that they can be quantified.
E) depend on the decision maker's value judgments about the relative importance of the alternatives.