Multiple Choice
Suppose there are three alternatives to attending a social event: read a novel (you value this at $10) , go to work (you could earn $20) , or watch videos with some friends (you value this at $25) . The opportunity cost of attending the social event is
A) $45.
B) $20.
C) $10.
D) zero.
E) $25.
Correct Answer:
Verified
Correct Answer:
Verified
Q64: Specialization of labour led to greater efficiency
Q65: One of the "real" flows in the
Q66: One of the major results of the
Q67: A country's production possibilities boundary shows that<br>A)when
Q68: Labour services are bought and sold in
Q70: In mixed economies, economic behaviour is<br>A)based primarily
Q71: The famous economist who developed the idea
Q72: Consider the following list: a worker with
Q73: In the current Canadian economy, the majority
Q74: Money facilitates trade and specialization by<br>A)increasing the