The opportunity cost of going to a movie is:
A) the money spent on the ticket only.
B) all of the other movies that could have been seen instead.
C) the time spent in the theater only.
D) the next best use of the time and the money spent.
Correct Answer:
Verified
Q9: Economics, generally speaking, is primarily concerned with:
A)
Q10: Scarcity exists when:
A) a choice must be
Q11: The basic concern of economics is to:
A)
Q12: A(n) _ does not pose the problem
Q13: Although water is very abundant in most
Q15: Scarcity in economics means:
A) not having sufficient
Q16: According to the textbook, economics is a:
A)
Q17: A scarce resource is one that:
A) has
Q18: Economics is a:
A) social science that studies
Q19: Economics is a:
A) social science that deals
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