what is scarcity? *\nextra cost of production\nrise in general level of prices and workers need more…

what is scarcity? *\nextra cost of production\nrise in general level of prices and workers need more money\ngiving something up to have something else\nthe condition that results form having unlimited wants with limited resources\n\nwhat is choice? *\nthe act of picking or deciding\nthe best option possible\nwhen someone has no say in a matter\nwhen something is very good\n\nwhat is marginal advantage (analysis)? *\nmaking a decision by comparing costs and benefits\nmaking a decision by comparing scarcity and choice\nliving on the edge because you have an advantage\nthe advantage of using margarine

what is scarcity? *\nextra cost of production\nrise in general level of prices and workers need more money\ngiving something up to have something else\nthe condition that results form having unlimited wants with limited resources\n\nwhat is choice? *\nthe act of picking or deciding\nthe best option possible\nwhen someone has no say in a matter\nwhen something is very good\n\nwhat is marginal advantage (analysis)? *\nmaking a decision by comparing costs and benefits\nmaking a decision by comparing scarcity and choice\nliving on the edge because you have an advantage\nthe advantage of using margarine

Answer

Brief Explanations:

Scarcity is defined as the condition arising from unlimited wants and limited resources. Choice is the act of picking or deciding. Marginal - analysis involves making a decision by comparing costs and benefits.

Answer:

The condition that results from having unlimited wants with limited resources The act of picking or deciding Making a decision by comparing costs and benefits