This diagram comes from the Economics textbook chapter titled ‘The Economic Problem’. It needs the terms opportunity cost, scarcity and choice to be placed in the sequence that shows the economic problem. In which order should the terms be arranged in the diagram?
- Achoice → opportunity cost → scarcity
- Bchoice → scarcity → opportunity cost
- Cscarcity → choice → opportunity cost
- Dscarcity → opportunity cost → choice