Which of the following involve a trade-off?
A) Taking a nap
B) All of these answers involve trade-offs.
C) Watching a football game on Saturday afternoon
D) Going to university
E) Buying a new car
Correct Answer:
Verified
Q2: Rational people act only when the marginal
Q3: The European Union will benefit economically if
Q4: Economics is the study of how:
A) Society
Q5: Resources are:
A) Scarce for households but plentiful
Q6: A rational person does not act unless:
A)
Q8: When the government redistributes income with taxes
Q9: When a jet flies overhead, the noise
Q10: Trade-offs are required because wants are unlimited
Q11: Adam Smith's "invisible hand" concept describes how
Q12: Choices must be made in the use
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