2007-02-13 12:35:14 · 3 answers · asked by gustavo m 1 in Social Science ➔ Economics
The answer is simpler than that -- it is about scarcity. Economic goods are not free and infinite: you cannot have everything. If you only have the time and money to select one piece of fruit, then selecting a banana necessarily means you are refusing the opportunity to select alternatives, such as an apple or an orange. By choosing the banana, you are refusing the other fruit.
2007-02-13 17:13:31 · answer #1 · answered by KevinStud99 6 · 0⤊ 0⤋
This relates to economic indifference curves. On an indifference curve, a person is happy with product A (e.g. apples) equally as well as product B (e.g. bananas). To offset the loss in happiness by losing a banana, the person needs to gain (obtain) a apple. So to "choose" more apples, you need to "refuse" more bananas.
2007-02-13 20:58:13 · answer #2 · answered by kingthunder1972 2 · 0⤊ 0⤋
Choose: to decide on especially by vote
Refuse : to show or express unwillingness to do or comply with
2007-02-13 20:42:27 · answer #3 · answered by Golden Smile 4 · 0⤊ 0⤋