Question

Harry Watson is an engineering student taking an economics elective in his senior year. He has the option to work as a petroleum engineer or to design rollercoasters after college. He uses concepts learned from his economics course to help with this decision. When he considers the increasing popularity of electronic vehicles and a decrease in demand for petroleum in the future, he is acknowledging the dependencies that exist:______
a. through time.
b. between people or businesses in the same market.
c. between his own choices.
d. between markets.

Answer 1

Answer: c. between his own choices

Explanation:

Based on the scenario given in the question, we can say that Harry is acknowledging the dependencies that exist between his own choices.

We make choices when we have different alternatives and due to the scarcity of resources. In this case, Harry has to make a choice between the alternatives that he has and he has to make a decision regarding that.