Multiple Choice
Whenever a choice is made:
A) the cost of that choice is opportunity cost.
B) the cost is easy to measure in dollar terms.
C) efficiency is improved.
D) scarcity is not the problem.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Because one person's spending is another person's
Q111: Resources are being used efficiently when:<br>A)scarcity is
Q129: When markets fail:<br>A)government intervention may help.<br>B)the market
Q135: In 2003,Congress passed a tax cut.The country
Q139: Gains from trade exist for:<br>A)individuals only.<br>B)states only.<br>C)countries
Q174: A new startup airline is offering free
Q175: If a market is in disequilibrium:<br>A)it will
Q177: Which of the following is an example
Q178: Zoe's grandparents are excited about finally paying
Q180: A trade-off between equity and efficiency may