Solved

When the Government Chooses to Use Resources to Build a Dam

Question 278

Multiple Choice

When the government chooses to use resources to build a dam, these sources are no longer available to build a highway. This choice illustrates the concept of


A) a market mechanism.
B) macroeconomics.
C) opportunity cost.
D) a fallacy of composition.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q273: Why do economists use graphs?

Q274: Which of the following is NOT an

Q275: Overtime worked by a JCPenney associate is

Q276: If the slope of the relationship between

Q277: A cost due to an increase in

Q279: The formula for the slope across an

Q280: Joy is training to become a chef.

Q281: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above,

Q282: Economics is the study of<br>A) the distribution

Q283: The relationship between two variables, x and