📚 Learning Guide
Fundamental Economic Choices
easy

If a community decides to allocate more resources to healthcare instead of education, what economic principle are they demonstrating?

Master this concept with our detailed explanation and step-by-step learning approach

Learning Path
Learning Path

Question & Answer
1
Understand Question
2
Review Options
3
Learn Explanation
4
Explore Topic

Choose the Best Answer

A

Trade-offs in resource allocation

B

Unlimited resource availability

C

Demand exceeding supply

D

Equal priority for all sectors

Understanding the Answer

Let's break down why this is correct

Answer

When a community decides to allocate more resources to healthcare instead of education, they are demonstrating the economic principle of opportunity cost. This principle means that when you choose one option, you give up the chance to pursue another. In this case, by investing more in healthcare, the community might be sacrificing improvements in schools or educational programs. For example, if the community spends more money on hospitals, they may not be able to hire new teachers or update classroom materials. This choice reflects the need to prioritize certain needs over others based on the available resources.

Detailed Explanation

When a community chooses to spend more on healthcare, they are making a trade-off. Other options are incorrect because Some people might think resources are endless; This option suggests there is more need than what is available.

Key Concepts

Resource Allocation
Trade-offs
Scarcity
Topic

Fundamental Economic Choices

Difficulty

easy level question

Cognitive Level

understand

Ready to Master More Topics?

Join thousands of students using Seekh's interactive learning platform to excel in their studies with personalized practice and detailed explanations.