The U.S.federal government spent more than $4 trillion in 2018, which implies that there were no opportunity costs faced by the United States.
Correct Answer:
Verified
Q65: The concept of opportunity cost only applies
Q66: If the U.S.government decides to increase military
Q67: Economists use the term capital to describe
Q68: A large government encounters a production possibilities
Q69: In a centrally planned economy, resources are
Q71: Efficient production can be carried out anywhere
Q72: Economic growth solves the problem of scarcity.
Q73: A decrease in the unemployment rate will
Q74: The definition of efficiency implies that production
Q75: Efficient production can be carried out anywhere
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