The opportunity cost of investment in capital is forgone present consumption because
A) capital takes a long time to produce.
B) capital increases the productivity of labor.
C) resources are scarce.
D) capital is an intangible good.
Correct Answer:
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Q24: Because resources are scarce, the opportunity cost
Q25: Refer to the information provided in Figure
Q26: If the unemployment rate increases from 10%
Q27: Refer to the information provided in Figure
Q28: Refer to the information provided in Figure
Q30: The process of using resources to produce
Q31: Refer to the information provided in Figure
Q32: Refer to the information provided in Figure
Q33: In economics, investment always refers to
A) the
Q34: An example of forgoing present benefits in
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