Multiple Choice
Why does opportunity cost exist?
A) because technology is fixed at any point in time
B) because the law of comparative advantage is working
C) because resources are scarce but wants are unlimited
D) because the value of lost opportunities varies from person to person
Correct Answer:
Verified
Correct Answer:
Verified
Q127: The law of comparative advantage states which
Q128: How is the opportunity cost of an
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Q130: Which of the following will make a
Q131: Which of the following is NOT a
Q133: What does Adam Smith's term "the invisible
Q134: Which statement best reflects the main purpose
Q135: Exhibit 2-8<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4905/.jpg" alt="Exhibit 2-8
Q136: Which statement best describes the various points
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