2: Choice in a World of Scarcity Last updated Save as PDF Page ID 52805 OpenStax OpenStax 2.2: Prelude to Choice in a World of Scarcity 2.3: How Individuals Make Choices Based on Their Budget Constraint 2.4: The Production Possibilities Frontier and Social Choices 2.5: Confronting Objections to the Economic Approach 2.E: Choice in a World of Scarcity (Exercises)