Multiple Choice
Related to the Economics in Practice on page 3: According to the Economics in Practice, when rural India is suffering from a drought where agricultural output is low, the opportunity cost of having someone out of the labor force, and therefore unable to work in agricultural production, is
A) high
B) low.
C) infinite.
D) zero, because the person is out of the labor force.
Correct Answer:
Verified
Correct Answer:
Verified
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