Multiple Choice
Because of scarcity:
A) we must sacrifice valuable alternatives to obtain more goods and services we desire.
B) the opportunity cost of consumption is zero.
C) we can obtain more of a desirable good without sacrificing other goods and services.
D) shortages of goods prevail at current market prices.
Correct Answer:

Verified
Correct Answer:
Verified
Q5: The opportunity cost of a decision is
Q24: A nation has a comparative advantage in
Q45: Which of the following is true?<br>A)The actual
Q120: Which of the following is the most
Q146: Rational choices:<br>A)are based on a comparison of
Q153: Exhibit 2-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2081/.jpg" alt="Exhibit 2-1
Q154: Scarcity:<br>A) exists in command economies.<br>B) exists in
Q160: Every time an individual decides to try
Q162: Several political leaders have proposed that parents
Q163: The rule of rational choice is that