The opportunity cost of producing an extra apple is equal to _____.
A) the market price of the apple
B) what must be given up in order to produce the extra apple
C) the amount of time and effort that it takes to produce the apple
D) the difference in the price of the apple last year and the price this year
Correct Answer:
Verified
Q2: To deal with the problem of scarcity,
Q3: How is a recession likely to be
Q4: Which of the following topics would be
Q5: Which of the following statements best describes
Q6: Which of the following pertains to macroeconomics?
A)
Q7: The production possibility frontier shows _.
A) the
Q8: _ provide(s) companies with ?nancial backing that
Q9: The production possibility frontier has a negative
Q10: _ is the factor of production comprising
Q11: A point beyond the production possibility frontier:
A)
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