Answer:
Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional questions.
Online Content: Site 1
What does it mean when a person has "limited resources"? When is a resource considered scarce? (Site 1)
A resource is said to be scarce when there isn’t enough of it to go around. When Daniel begins thinking about all the things he wants to do with his summer vacation, he realizes he only has a limited number of weeks before he has to go back to school. Daniel’s summer vacation is a scarce resource: there isn’t enough of it to meet his demand.
Explain the difference between trade-off and opportunity cost. (Site 1)
occurs when one benefit is exchanged for more of another benefit. And The opportunity cost of something amounts to how much money and time you are willing to spend plus whatever benefit you give up by not choosing an alternative.
What is an "incentive"? What is Daniel’s incentive for going to baseball camp? (Site 1)
Just as the baseball bat and the jersey are an incentive for Daniel to go to the baseball camp, Sarah being home is an incentive for Daniel not to go. However, the new friends he will make at baseball camp are also an incentive to go. In order to make a good decision, Daniel must identify whether going to the baseball camp has more incentives than not going to the camp. He also has to determine which incentives are more important to him.
Explanation:
i got a 100% on edge this is all correct because i took my time and got the right answers pls mark brainiest.
