If you must make a choice about consuming two apples, three oranges, or one candy bar, the opportunity cost of the candy bar is:
A) two apples.
B) three oranges.
C) two apples and three oranges.
D) two apples or three oranges, whichever you prefer more.
E) equal to the difference in the prices of the three options.
Correct Answer:
Verified
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
Q35: Which of the following statements is false?
A)Economists
Q36: Economics is the study of:
A)the allocation of
Q37: Which economic concept is illustrated by the
Q39: To an economist, scarcity means that:
A)it is
Q40: Which of the following is a result
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents