Answer:
The answer is letter A, Economic Choice.
Explanation:
Let's check out the differences in the meaning of the choices.
A. Economic Choice- This is done after an economical analysis. This allows you to know the advantages and disadvantages of every choice you make. It involves maximizing the use of a utility due to scarce resources. It also allows you to know whether a particular good or service will be beneficial for you or not and whether the benefits will outweigh the cost.
One example of economic choice is knowing how many pairs of t-shirts you are going to buy for Christmas and whether the cost of buying those t-shirts is worth the benefits the t-shirt will serve, provided that you only have a limited amount of money. So, letter A is the answer.
B. Supply and Demand Choice- This helps determine the prices in the market. For example, if people want to buy blue socks (increase demand) then the shops will increase their supply of blue socks. Supply is directly proportional to demand.
C. Opportunity Choice- This refers to the opportunity cost of a choice, which means the value of the best alternative given up. For example, if you spend your whole day dating your boyfriend, you won't be able to spend that amount of time studying your subjects in school.
