Opportunity cost exists because
A) technology is fixed at any point in time
B) the law of comparative advantage is working
C) resources are scarce but wants are unlimited
D) the value of lost opportunities varies from person to person
E) efficiency is measured by the monetary cost of an activity
Correct Answer:
Verified
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Q5: Your opportunity cost of choosing a particular
Q6: The idea that resources are scarce but
Q7: Suppose you have a choice of going
Q8: The opportunity cost of an activity is
A)zero
Q9: Suppose you have a choice of working
Q10: The opportunity cost of an activity
A)depends on
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Q213: Opportunity cost is defined
A) only in terms
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