Multiple Choice
The opportunity cost of a particular activity
A) is the same for everyone pursuing this activity
B) may include both monetary costs and forgone income
C) always decreases as more of that activity is pursued
D) usually is known with certainty
E) measures the direct benefits of that activity
Correct Answer:
Verified
Correct Answer:
Verified
Q17: The statement "The unemployment rate in the
Q18: Kate takes a part-time job and the
Q19: Which of the following disciplines is not
Q20: Society's resources include<br>A) land and labor<br>B) labor
Q21: A statement of opinion about which policy
Q23: Positive economic statements are usually easier to
Q24: Simplifying assumptions always affect the conclusions derived
Q25: Society as a whole faces opportunity costs
Q26: <span class="ql-formula" data-value="\begin{array} { | c |
Q27: Because resources are scarce,if society produces more