Multiple Choice
Which statement is true?
A) Entrepreneurial ability is in short supply in the U.S.
B) Land,labor and capital may be considered passive resources.
C) The concept of opportunity cost is irrelevant when there is scarcity.
D) None of these statements are true.
Correct Answer:

Verified
Correct Answer:
Verified
Q113: The opportunity cost of producing one additional
Q114: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5852/.jpg" alt=" -What is the
Q115: A movement from point N to point
Q116: If our unemployment rate is 25 percent
Q117: Suppose you had $1,000 to spend.You choose
Q119: In the context of the global economy,our
Q120: Assuming that full employment of labor is
Q121: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5852/.jpg" alt=" -If our economy
Q122: The statement "By the time our grandchildren
Q123: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5852/.jpg" alt=" -Place point C