Which of the following sayings best represents the concept of opportunity costs?
A) "A glass can be half empty or half full."
B) "When in Rome, do as the Romans do."
C) "There is no such thing as a free lunch."
D) "No taxation without representation."
E) "What's up?"
Correct Answer:
Verified
Q24: Which of the following statements concerning opportunity
Q25: Ronnie waits one hour in queue to
Q26: Which economic concept is the closest to
Q27: Choices need to be made because of
Q28: Which of the following statements is true?
A)Goods
Q30: The concept of scarcity as used by
Q31: Opportunity cost is best defined as the:
A)sum
Q32: To say that something is scarce means
Q33: The basic economic problem is:
A)inflation.
B)unemployment.
C)poverty.
D)scarcity.
E)lack of money.
Q34: To say that there is a scarcity
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