Whenever a choice is made:
A) the cost of that choice is the opportunity cost.
B) the cost is easy to measure in dollar terms.
C) efficiency is improved.
D) scarcity is not a problem.
Correct Answer:
Verified
Q17: Scarcity in economics means that:
A)we often do
Q18: We are forced to make choices because
Q19: We have to make choices because:
A)we have
Q20: A resource is anything that:
A)can be used
Q21: The opportunity cost of something is:
A)larger during
Q23: A college student is faced with a
Q24: Zoe's grandparents are excited about finally paying
Q25: The Taco Hut charges the same price
Q26: For an economist,the cost of something is:
A)the
Q27: Margo spends $30,000 on one year's college
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