Multiple Choice
The highest valued alternative that is forgone when you choose an action is called its
A) opportunity cost.
B) utility.
C) scarcity.
D) benefit.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q86: Macroeconomics does NOT deal with<br>A) recessions.<br>B) inflation.<br>C)
Q87: (Table) If the numbers in the table
Q88: Admission prices to Dollywood are $50 for
Q89: Economists generally do NOT define an institution
Q90: Which statement is TRUE?<br>A) Low productivity and
Q92: Specialization and exchange between two individuals generally
Q93: Which statement is NOT a key principle
Q94: When the _ outweigh(s) the _ of
Q95: Explain the meaning of the phrase "People
Q96: Government intervention in the market is helpful