Which of the following sayings best reflects the concept of opportunity cost?
A) "You can't teach an old dog new tricks."
B) "There is no such thing as a free lunch."
C) "I have a baker's dozen."
D) "There's no business like show business."
Correct Answer:
Verified
Q1: Discuss the three fundamental economic questions that
Q2: The question "Should children receive free lunch
Q4: Three basic decisions must be made by
Q5: Why must every nation answer the three fundamental
Q6: Answering the For Whom to Produce question
Q7: The question "Should more capital goods be
Q8: Bill has $10 to spend on a
Q9: Because of the problem of scarcity, the
Q10: Three of the four following questions are
Q11: Which fundamental economic question requires society to
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