The correct answer is B. I just did a test with the exact question. Hope this helps!
Answer: C. . I and III
Explanation:
Scarcity occurs when our want and the needs are more than the available resources that we have. In this case, we will then have to make a choice to be able to choose from the different alternatives that we have.
When we make a choice, the cost of the other alternative that we left is refered to as the opportunity cost. Therefore, the correct options are:
• The "highest-valued alternative given up to get something" is the opportunity cost.
• Scarcity creates opportunity costs
The statement that wealthy economies don't experience opportunity costs is wrong. Every nation experiences opportunity cost.
In guiding and regulating interaction, social rules give behavior recognizable, characteristic patterns, and make such patterns understandable and meaningful for those who share in the rule knowledge.
Answer:
Endorsing a presidential candidate is more likely to be done by a national party than a local party.
Explanation:
This is because when it's local, it's usually in support of local elected officials. It has nothing to do with national officials. However, when it is a national party, they could endorse a presidential candidate because that is ultimately more important and affects all people- hence the national. This is because whoever is chosen in such an important election changes the future of a country, and is something national organizations should deal with- not local ones.
