When you make a choice, the experience from what would have been your second option is called

trade-off
supply
demand
opportunity cost

question 2 (multiple choice worth 3 points)

which of the following forces us to make choices?

scarcity
trade-offs
opportunity cost
money

1. The first one is called opportunity cost.
2. Not enough to go around. By definition, scarcity means limited resources. In our society it’s nearly impossible to obtain every want due to limits on time, money, and other resources. So we must make choices as to which “wants” are the priority. So scarcity.

The answer would be analytical reasoning.