Related to the Economics in Practice on page 3: According to the Economics in Practice, due to the opportunity cost differential, one would expect ________ children at school when the rains have been plentiful in rural India, and ________ children at school when rural India is suffering from a drought.
A) more; fewer
B) fewer; more
C) the same number of; the same number of
D) no; all
Correct Answer:
Verified
Q48: Economists often refer to "good deals" as
A)
Q49: Opportunity cost is
A) what we give up
Q50: Which of the following is an opportunity
Q51: Scarce resources give rise to the concept
Q52: The common way of expressing the efficient
Q54: The cost involved when choosing between alternatives
Q55: Related to the Economics in Practice on
Q56: If you can download 10 ring tones
Q57: An efficient market is a market
A) that
Q58: Related to the Economics in Practice on
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