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

Question

01-03-2021
Social Studies

Answered

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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 :

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Аноним Аноним · Answer 1 · 2021-03-01T09:22:00-05:00

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.

Sagot :

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