Waiting in line for a free ticket involves no opportunity cost.
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Q21: In a properly functioning economy, money costs
Q22: Individuals face scarcity; whole societies do not.
Q23: The production possibilities frontier can show a
Q24: High opportunity costs go hand in hand
Q25: Opportunity cost cannot be measured in money
Q27: Trade-offs can always be considered in terms
Q28: Opportunity cost is the combined value of
Q29: Opportunity cost is the value of the
Q30: In a well-functioning market, high opportunity costs
Q31: The term "satisficing" indicates an optimal choice.
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