What occurs when individuals make decisions in which benefits exceed costs? A. They are removing the opportunity costs of decisions.

B. They are using a rational decision-making model.

C. They are making irrational economic decisions.

D. They are eliminating all trade-offs of the decision.

Scarce resources diminish as they are used and almost all resources are scarce.

In order to use a scarce resource, you are inherently using the resource for one purpose and not an alternative.

The cost of using a resource is called the opportunity cost: the value of the next best alternative that you could be using the resource for instead.

Key Terms

Scarce: Insufficient to meet demand.

Opportunity cost: The value of the best alternative forgone.

Explanation:

answer: not really

explanation: the disadvantages of wikipedia are:

the advantages of wikipedia are

"germany's geographic location was an advantage when it was on the offensive in the war because it was situated next to an extremely wide river, the rhine, which was difficult for the allies to cross."