Question

1. when you dont receive the zhu zhu pets you wanted, but instead receive a poodle, this method of dealing with scarcity is called: distribution allocation trade off evaluation 18. during covid 19 pandemic, food was limited. in order for feed the most vulnerable citizens the government distributed the food to school children and not to people in homeless shelters. is this a correct example of opportunity cost? yes no

Explanation:

1. A trade - off occurs when you give up one thing for another due to scarcity. Here, instead of getting the desired Zhu Zhu Pets, a poodle is received, which is a trade - off. Distribution is about spreading something out, allocation is about assigning resources, and evaluation is about assessing something.
2. Opportunity cost is the value of the next best alternative forgone. By distributing food to school children and not to people in homeless shelters during food scarcity, the government is making a choice where the benefit for homeless shelters is the forgone alternative, so it is an example of opportunity cost.

Answer:

1. C. Trade off
2. A. Yes