Limited resources facing individuals in their daily decisions is to scarcity as choosing between two job offers is to what?

In microeconomics, scarcity means that people have limited resources, like time or money, which affects their choices. When you face two job offers, you have to make a decision based on what you value more, like salary, benefits, or job satisfaction. This situation is similar to the concept of opportunity cost, which is what you give up when you choose one option over another. For example, if you choose Job A because it pays more, the opportunity cost is the benefits or work environment you might have enjoyed in Job B. Understanding these concepts helps you make better decisions by considering what you truly want and the trade-offs involved.