Question

because of ______, people must make choices, and when they choose, they incur a(n) ______. options: resources; opportunity cost, needs; opportunity cost, scarcity; opportunity cost, opportunity cost; scarcity

Explanation:

In economics, scarcity (limited resources relative to unlimited wants) forces people to make choices. When a choice is made, the next - best alternative forgone is the opportunity cost. So the first blank should be "scarcity" and the second "opportunity cost".

Answer:

C. scarcity; opportunity cost