Question

Question
A consumer must decide between purchasing a new television or a new computer. What limited resource is responsible for this trade-off decision?(1 point)
Responses

The producers have a limited number of televisions and computers.
The producers have a limited number of televisions and computers.

The consumer has a different benefit from each possible product.
The consumer has a different benefit from each possible product.

The consumer has a limited amount of money available for purchases.
The consumer has a limited amount of money available for purchases.

The profit the producers receive from each possible purchase.

Answer 1

The consumer has a limited amount of money available for purchases.

Reason: Money (budget) is the scarce resource forcing a trade-off between buying a TV or a computer.