Opportunity cost is always
A) a financial cost.
B) the result of a poor decision.
C) a forgone alternative.
D) unmeasurable.
Correct Answer:
Verified
Q2: The problem of economic scarcity applies
A) only
Q3: "Using economics" means
A) saving money.
B) eliminating scarcity.
C)
Q4: Wants are goods and services that you
A)
Q5: Opportunity costs arise from
A) scarcity.
B) poverty.
C) poor
Q6: Opportunity costs do not arise when
A) the
Q8: Economic theory asserts that altruistic behavior
A) involves
Q9: Economics has traditionally been referred to as
Q10: Those things we like to have and
Q11: Economics is best defined as the
A) study
Q12: When does a decision NOT result in
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