Opportunity costs arise from
A) scarcity.
B) poverty.
C) poor decisions.
D) wealth.
Correct Answer:
Verified
Q1: Which of the following statements is FALSE?
A)
Q2: The problem of economic scarcity applies
A) only
Q3: "Using economics" means
A) saving money.
B) eliminating scarcity.
C)
Q4: Wants are goods and services that you
A)
Q6: Opportunity costs do not arise when
A) the
Q7: Opportunity cost is always
A) a financial cost.
B)
Q8: Economic theory asserts that altruistic behavior
A) involves
Q9: Economics has traditionally been referred to as
Q10: Those things we like to have and
Q11: Economics is best defined as the
A) study
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