Which of the following does not illustrate opportunity cost?
A) If I study, I must give up going to the football game.
B) If I buy a computer, I must do without a 35" television.
C) More consumer spending now means more spending in the future.
D) If I spend more on clothes, I must spend less on food.
Correct Answer:
Verified
Q4: Three basic decisions must be made by
Q9: Which of the following correctly lists the
Q10: Because of the problem of scarcity, each
Q11: Opportunity cost:
A) represents the best alternative sacrificed
Q13: Which of the following is not one
Q14: Which of the following best describes
Q15: The opportunity cost of a purchase is:
A)
Q16: The opportunity cost to a city for
Q17: The opportunity cost of watching television is:
A)
Q17: Suppose that the alternative uses of an
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents