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Correctly Complete the Following Sentences from the Options Below

Question 67

Short Answer

Correctly complete the following sentences from the options below.
(a) Giving up work to study full- time:
(b) Working full- time and studying part time:
(c) Walking slowly instead of speedily to lectures:

(i) the opportunity cost is the alternative use of time.
(ii) the opportunity cost is wages.
(iii) the opportunity cost is leisure time.

Correct Answer:

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(a) ii
(b...

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