Josh Wants to Go to the Football Game This Weekend

question 50

Multiple Choice

Josh wants to go to the football game this weekend, but he has a paper due on Monday. It will take him the whole weekend to write the paper. Josh decided to stay home and work on the paper. According to the scarcity principle, the reason Josh didn't go to the game is that:

• A) Josh prefers schoolwork to football games.
• B) writing the paper is easier than going to the game.
• C) Josh doesn't have enough time for writing the paper and going to the game.
• D) it's too expensive to go to the game.

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Definitions:

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The aggregate need for various products and services across an economy at varying price points, throughout a particular timeframe.

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Entire consumption desire for goods and services within an economy, calculated based on a specific price level over an agreed-upon period.

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