The reason that opportunity costs arise is that:
A) an economy relies on money to facilitate exchange of goods and services
B) there are no alternative decisions that could be made
C) people have unlimited wants
D) resources are scarce
Correct Answer:
Verified
Q9: In the real world, economic systems of
Q10: A production possibility curve shows the:
A) production
Q11: Opportunity cost is best defined as the:
A)
Q12: In economics, the term 'capital' refers to:
A)
Q13: A point inside a production possibility curve
Q15: The problem of scarcity occurs:
A) only in
Q16: A cut in company tax rates intended
Q17: During times of war, many of a
Q18: If a full- time student decides to
Q19: Consider two countries, Germany and Sweden. Germany
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