‘Choice arises because of scarcity of resources’,In discussing this statement, Which of the following is NOT correct?
-
A.
Human wants are numerous but the resources needed to satisfy them are limited -
B.
Given numerous wants and limited resources only individuals and businesss firms make choice -
C.
The process of making a choices involves opportunity cost -
D.
An economist is not interested morality or otherwise of any choice so made -
E.
Usually choice is made from a list of wants compliled in the context of a scale of preference