The opportunity cost of an item is:
A) greater during periods of inflation and lower during periods of deflation.
B) the highest valued alternative you give up to get that item.
C) the value of all available alternatives you sacrifice to get that item.
D) always equal to the dollar value of the item.
E) always less than the dollar value of the item.
Correct Answer:
Verified
Q5: A country has a comparative advantage in
Q6: If Xavier gives up a job in
Q7: The opportunity cost of a decision is
Q8: When considering whether or not to consume
Q8: A student has a chance to see
Q10: Since it is possible to grow coffee
Q12: The opportunity cost of attending college is
Q23: Small, developing countries must first become self-sufficient
Q64: Trent decides to spend an hour playing
Q90: A university offers a free shuttle service
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