Answered

Discover answers to your questions with Westonci.ca, the leading Q&A platform that connects you with knowledgeable experts. Join our platform to connect with experts ready to provide detailed answers to your questions in various areas. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

1 pts
U
Question 1
Suppose that a family decides to spend all of their available money on a fancy vacation instead of purchasing
a much needed new automobile. From an economist's perspective, which of the following statements about
this decision is likely to be true?
The decision is irresponsible because choosing a vacation over a much needed new automobile is an improper use of
scarce resources.
The decision must have been made by accident and is therefore irresponsible.
The decision is responsible because it reflects the family's preference for vacations over new automobiles.
The decision is responsible because a vacation must be taken during a specific season, but a car can be purchased
anytime

Sagot :

Answer:

A. The decision is irresponsible because choosing a vacation over a much needed new automobile is an improper use of  scarce resources.

Explanation:

Think about it, the questions specifically states that a family decides to go on a vacation instead of buying a "much needed new automobile". The decision to go on a vacation is outright irresponsible, as a new car would be much more useful of their time and money, rather than a vacation. You can go on a vacation only around a season a year, however you can buy a car anytime as long as you have enough money.

Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.