Opportunity cost
A) is the production forgone from the best alternative use of a resource.
B) reduces the need to make choices.
C) applies only to allocating capital.
D) is another name for the "invisible hand."
E) is greater for free resources than for economic resources.
Correct Answer:
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Q26: The central questions in economics
A) pertain solely
Q27: Propositions in positive economics
A) can be tested
Q28: Another term for opportunity cost is _
Q29: A full-time college student could drop out
Q30: Which of the following is the best
Q32: The distinction between positive and normative economics
Q33: To suggest that the United States should
Q34: When a decision is made to undertake
Q35: Normative economics frequently plays a valid role
Q36: Which of the following is the best
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