"Opportunity cost" refers to
A) what someone is willing to pay or trade for a good.
B) the monetary loss an economic factor suffers if there is oversupply.
C) the tax a business must pay to enter a new market.
D) a government tax used to redistribute resources.
E) the amount of funds necessary for an innovation.
Correct Answer:
Verified
Q9: Which of the following is most likely
Q10: Which of the following is most likely
Q11: In a mixed economy,
A) most key infrastructure
Q12: The use of tariffs and quotas is
A)
Q13: While competition in a market economy can
Q15: Which of the following is NOT a
Q16: Which of the following is committed to
Q17: Which of these are significant problems associated
Q18: In which of the following systems is
Q19: Which approach is most committed to using
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