The fact that a higher standard of living tomorrow can only be achieved by sacrificing consumption today is an

Question

The fact that a higher standard of living tomorrow can only be achieved by sacrificing consumption today is an illustration of the:

A. principle of comparative advantage.

B. principle of increasing opportunity costs.

C. scarcity principle.

D. equilibrium principle.

E. cost-benefit principle.

Answer 1

C. scarcity principle . though "E" is close too since we pay (cost) by using less today to get more tomorrow (benefit)