What occurs when individuals make decisions in which benefits exceed costs? A. They are removing the opportunity costs of decisions.

B. They are using a rational decision-making model.

C. They are making irrational economic decisions.

D. They are eliminating all trade-offs of the decision.

Scarce resources diminish as they are used and almost all resources are scarce.

In order to use a scarce resource, you are inherently using the resource for one purpose and not an alternative.

The cost of using a resource is called the opportunity cost: the value of the next best alternative that you could be using the resource for instead.

Key Terms

Scarce: Insufficient to meet demand.

Opportunity cost: The value of the best alternative forgone.

Explanation:

that is because lower interest rates allowed people to work harder to make money. it multiplied like that and now the uno(not the game) is very strong.

i like trains

the dominoes began to fall. the surrender at appomattox took place a week later on april 9. while it was the most significant surrender to take place during the civil war, gen. robert e. lee, the confederacy's most respected commander, surrendered only his army of northern virginia to union gen. ulysses s. grant

explanation: