The limited resource which is responsible for this trade-off decision is: A. The consumer has a different benefit from each possible product.
A limited resource can be defined as the resources such as land, labor, capital, time and entrepreneurship which are typically required for the production goods and services are finite and scarce in nature. Thus, these resources can be depleted (exhausted) if not properly allocated and utilized by manufacturers.
In this scenario, a consumer must decide between purchasing a new television or a new computer. This is simply because he is going to use the products to derive different satisfactions (benefits).
A computer would be used to perform different tasks such as;
On the other hand, a television would be used to watch;
- Television programs.
- Shows.
- Movies.
- News.
Hence, the difference in benefits that would be generated or obtained from using each product would create a trade-off such as weighing the benefits from each products.
In conclusion, limited resource which is responsible for this trade-off decision is that the consumer has a different benefit derived from using each possible product.
Find more information: brainly.com/question/21489363
Answer: Growing global wellness tourism trends.
Explanation: The global wellness tourism industry has seen a hugely significant rise boost in fortune and the rise is expected to continue. Wellness tourism which focuses on travel mainly for the improvement and promotion of an individual's physical health, mental and psychological well being. According to report made by the global wellness tourism economy, the industry is being predicted to continue it's growth at an average rate of 7.5% through 2022, which is even greater than the predicted rise percentage of the general tourism economy mainly due to the fact that tourists are now more concerned about their physical and psychological wellness.
With such projection, the rise of wellness centers and spas in Virginia could be related to the global trend as the wellness tourism economy is bound to become even more lucrative in the future.
Answer:
Consumers waiting in long lines for a new product is an example of: Scarcity. When a nation's total output increases over time, the nation is experiencing: a decrease in gross domestic product .
Explanation:
¯\_(ツ)_/¯
Just look at their empire
