The reason that opportunity costs arise is that
A) an economy relies on money to facilitate exchange of goods and services.
B) resources are scarce.
C) there are no alternative decisions that could be made.
D) people have limited wants.
Correct Answer:
Verified
Q1: Which of the following is not listed
Q2: Opportunity cost is
A) that which we forgo,
Q3: If you can buy 9 DVDs for
Q5: If your tuition is $25,000 this semester,
Q6: That which we forgo, or give up,
Q7: If your tuition is $5,000 this semester,
Q8: If you own a building and you
Q9: Which of the following is the best
Q10: Which of the following is not one
Q11: You own the video game Grand Theft
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