Which of the following is not an illustration of the idea of opportunity cost?
A)A growing economy can produce more consumer goods and more capital goods at the same time.
B)If I buy a pizza, I will not be able to afford a movie.
C)Resources devoted to consumer goods production are not available for capital goods production.
D)The land a Manitoba farmer plants in wheat is not available for corn production.

Question

Quizplus · Accepted Answer

This option does not involve a trade-off between two alternatives or the opportunity cost of choosing one option over another. It simply describes the ability of a growing economy to produce more of both consumer and capital goods simultaneously.

Which of the Following Is Not an Illustration of the Idea