Question

scarcity
economics is the study and practice of making
a world of limited resources (scarcity). scarcity
and is a key concept in decision making. scarci
to a number of things such as money, employe
etc., and means the demand is greater than the
availability. scarcity drives demand. if the demand is high
but the item is scarce, the price of that item increases.

opportunity cost
opportunity cost represents the potential benefits an
individual, investor, or business misses out on when
choosing one alternative over another. opportunity costs
help people make better choices primarily by considering
the alternatives. lost time, production and finances are
examples of opportunity costs. those costs are forward
looking and not limited to monetary or financial costs.

making choices is the act of selecting or making
what?

mistakes
blunders
decisions

Explanation:

The text discusses economic concepts like scarcity and opportunity cost, which are related to decision - making. "Making choices" is closely associated with making decisions. "Mistakes" and "blunders" are errors, not what is made when choosing. So the correct option is the one related to decisions.

Answer:

C. decisions