Although finished goods are scarce, the inputs to produce them are not scarce.
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Q32: The opportunity cost of a college education
Q33: Opportunity cost can always be measured in
Q34: The opportunity cost of a college education
Q35: Since it is a centrally planned economy,
Q36: In a market economy, opportunity costs are
Q38: Opportunity cost always arises when a trade-off
Q39: Monetary costs and opportunity costs are always
Q40: An optimal choice can be characterized as
Q41: The negative slope of a production possibilities
Q42: The production possibilities frontier has a tendency
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