The opportunity cost of studying for an economics test is
A) Negative because it may improve your grade.
B) Zero because you knew when you registered for the class that studying would be required.
C) The money you spent on tuition for the class.
D) The activity that is best alternative use of your time.
Correct Answer:
Verified
Q2: A production possibilities curve indicates the
A)Combinations of
Q5: Opportunity cost may be defined as the
A)Goods
Q7: Capital,as economists use the term,refers to
A)The cash
Q8: The role of the entrepreneur in an
Q8: Given that resources are scarce,
A) A "free
Q10: A point on a nation's production possibilities
Q11: Which of the following is not one
Q12: Opportunity cost is
A) Measured only in dollars
Q15: The fundamental problem of economics is
A) The
Q18: Which of the following is not a
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