The diagram comes from a chapter on 'The Fundamental Economic Problem'. It ought to include the terms opportunity cost, scarcity and choice in the sequence that shows the fundamental economic problem. In what order should the terms be placed in the diagram?
- Achoice → opportunity cost → scarcity
- Bchoice → scarcity → opportunity cost
- Cscarcity → choice → opportunity cost
- Dscarcity → opportunity cost → choice