srodriguez1715 srodriguez1715

30-04-2020
Business

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Allie is shopping when she finds a pair of running shoes priced at $90. When Allie uses her debit card to pay, it is declined because her balance is insufficient to cover the cost of the running shoes. Allie's situation best illustrates which economic concept?
A) Opportunity Cost
B) Scarcity
C) Unlimited Resource
D) Trade Offs
E) Trade

Respuesta :

05-05-2020

Answer: B.) Scarcity

Explanation: Scarcity simply refers to the limited availability of a commodity or resource such that demand or want exceeds the level of supply or availability. In the context above, Allie's situation exemplifies a situation or condition Scarcity whereby the level of want or desire exceed the available resource. Allie's insufficient resource or bank balance was unable to cater for her want (pair of running shoes).

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