What would you put??

Question

please help me answer these questions.

1. Education is valuable because of its

a. value and efficiency

b. scarcity and demand

c. supply and demand

d. scarcity and utility

Kelly, a rich businesswoman, finds that no matter how many pairs of shoes she buys, she can still find plenty more that she wants. Her salary only allows her to buy 50 pairs of shoes per year. She cannot buy as many shoes as she wants. Kelly is facing

a. the fundamental economic problem of scarcity

b. a large opportunity cost for her shoes

c. the fact that she cannot buy goods in a factor market.

d. a small opportunity cost for her shoes

Thanks!

Answer 1

1. a-value and effciency-- definitly not dor c, coulb be b, but the best guess is A

2. I am not sure, i would with D or C, because Kelly could have money of her own not from work to buy more shoes, but the question is about her salary so i would go with D

Answer 2

1. I would choose a

2. I have no idea...maybe c?