Whenever a choice is made:
A) the cost of that choice could be referred to as opportunity cost.
B) the cost is easy to measure in dollar terms.
C) a free good must be involved.
D) scarcity is not the problem.
Correct Answer:
Verified
Q34: The problem of determining what goods and
Q35: An answer to the question "For whom"
Q36: A free good is different from a
Q37: The problem of determining how goods and
Q38: Suppose that voters in your community pass
Q40: The answer to, "What goods are to
Q41: The concept of the margin deals with:
A)
Q42: Economics is different from other social sciences
Q43: The economic way of thinking includes:
A) more
Q44: Opportunity cost is:
A) zero for the use
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