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Which two of the following are limitations to our spending?

A. Opportunity costs
B. Cash available from income sources
C. Time available to make spending choices
D. Wants available to be satisfied
E. Availability of products on the market



Answer :

GinnyAnswer

Final answer:

Opportunity cost and budget constraints are fundamental in determining spending limitations in economics.


Explanation:

In economics, opportunity cost and budget constraints are crucial limitations to our spending decisions. The concept of opportunity cost highlights that when we choose to spend on one thing, we forgo the opportunity to spend on something else. Meanwhile, budget constraints arise from our limited income and time, shaping what we can afford and allocate our resources toward. These limitations play a central role in analyzing how individuals make choices in spending.


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