How does making a budget demonstrate the concept of scarcity?

2 Answers

  • 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.

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  • Anonymous
    6 months ago

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

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