Question

question 2 mr. johnson chose to go to college instead of getting a job after high school. he sacrificed four years of salary while earning his degree. what is this an example of? scarcity, finance, opportunity cost, values question 3 the condition of unlimited wants in a world of limited resources is scarcity, delayed gratification, career, investment

Explanation:

Question 2

Opportunity cost is the value of the next - best alternative forgone. Mr. Johnson gave up the opportunity to earn a salary for four years to attend college, which is an example of opportunity cost.

Scarcity refers to the limited availability of resources in a world where wants are unlimited. It is the fundamental economic problem.

Answer:

O Opportunity Cost

Question 3