Multiple Choice
You decide whether to eat one more slice of pizza based on how hungry you feel.Which economic principle does this statement BEST represent?
A) Choices are necessary because resources are scarce.
B) The true cost of something is its opportunity cost.
C) "How much" is a decision at the margin.
D) There are gains from trade.
Correct Answer:
Verified
Correct Answer:
Verified
Q57: Margo spends $30,000 on one year's college
Q58: One person's spending is another person's:<br>A)loss.<br>B)income.<br>C)physical capital.<br>D)opportunity
Q59: Sometimes the government varies its spending,depending on
Q60: We are forced to make choices because
Q61: Because the United States is a rich
Q63: Equity is the same as efficiency.
Q64: The student center on campus has burritos,bagels,or
Q65: An economy has achieved _ if it
Q66: Too little spending in an economy often
Q67: Because people usually exploit opportunities to make