How does making a budget demonstrate the concept of scarcity?

2 Answers

Relevance
  • Oiy
    Lv 5
    6 months ago
    Favorite Answer

    Would you give more budget to tanks or butter? So it shows the opportunity cost or scarcity, means you have to kill tanks for butter, or vice versa.

    • Login to reply the answers
  • Anonymous
    6 months ago

    Pretty much everyone can come up to spend far more money than they make.

    • Login to reply the answers
Still have questions? Get your answers by asking now.