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    Principles of Macroeconomics Study Set 5
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    Exam 1: Measuring Macroeconomic Performance: Output and Prices
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    The Value of the Best Alternative to Any Action You
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The Value of the Best Alternative to Any Action You

Question 4

Question 4

Multiple Choice

The value of the best alternative to any action you undertake is referred to as its


A) production cost.
B) opportunity cost.
C) resource cost.
D) increasing cost.
E) accounting cost.

Correct Answer:

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