If There Is No Scarcity

question 18

Multiple Choice

If there is no scarcity,

• A) the opportunity cost of an action would be greater than its sunk cost.
• B) an action would have zero opportunity cost.
• C) choices are no longer rational.
• D) marginal cost of an action is greater than its marginal benefit.
• E) all marginal benefits would equal zero.

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Definitions:

Mentally Anticipate

The act of forecasting or predicting future events or reactions with the mind.

Behavior Modeling

A teaching method in which the desired behavior is demonstrated and learners are then guided to imitate the behavior.

Communication Skills

The ability to convey or share ideas, feelings, and information effectively to others through speaking, writing, or other mediums.

Technology Skills

The ability to effectively use technological tools and devices.