A. Wants, scarcity, choice and opportunity cost
B. Wants, choice, scarcity and opportunity cost
C. Scarcity, wants, choice and scale of preference
D. Scarcity, choice, scale of preference and opportunity cost.

Correct Answer:

Option A – Wants, scarcity, choice and opportunity cost

SEE ALSO  Productive resources can also be called?

Copyright warnings! Do not copy.