Multiple Choice
Optimal decisions take into account
A) the resources available.
B) the alternatives that were not available to choose.
C) the gratification produced by an outcome.
D) the effect on the distribution of income.
E) the outcomes that are not feasible.
Correct Answer:
Verified
Correct Answer:
Verified
Q212: A large government encounters a production possibilities
Q213: An optimal choice can be characterized as
Q214: According to the principle of increasing costs,
Q215: The U.S.government spent over $4 trillion in
Q216: Those from across the spectrum of political
Q218: In a well-functioning market, high opportunity costs
Q219: If the economy of Gwondanaland is growing
Q220: A production possibilities frontier has a downward
Q221: Karl Marx was critical of markets on
Q222: An optimal decision is one that chooses