Which economic principle BEST fits the following situation: You were in a rush to get to school this morning and got a speeding ticket! Never doing that again! Scarcity Forces Trade Offs Cost vs. Benefits Future Consequences Count Incentives Matter

Think of your decision to speed as weighing the costs and benefits. You prioritized getting to school faster but ended up with the cost of a speeding ticket. This experience highlights how assessing the benefits of your choices against their potential costs can lead to better decisions in the future. Learning from this, you might think twice before speeding again! Now, about that speeding ticket – it’s a perfect example of how incentives work! The law provides a clear incentive to drive safely: avoid expensive tickets and potential accidents. Recognizing this, the next time you're in a hurry, you might opt for a more sensible approach, potentially saving both time and money in the long run!