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AP Macroeconomics
Unit 1 – Basic Economic Concepts
Topic 1.1
Which of the following best explains the relationship between scarcity and choice?
Choice leads to an abundance of resources.
Scarcity necessitates making choices among competing alternatives.
Scarcity eliminates the need for making choices.
Choice and scarcity are unrelated concepts.
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AP Macroeconomics - 1.1 Scarcity
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Scarcity
Choice
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About Fiveable
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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