Multiple Choice
You notice that when a new yoga class is offered at the student recreation center at a highly desirable time, some students from the other yoga classes go to the new class instead. This statement best represents this economic concept:
A) Resources are scarce.
B) The real cost of something is what you must give up to get it.
C) People usually exploit opportunities to make themselves better off.
D) Marginal analysis.
Correct Answer:

Verified
Correct Answer:
Verified
Q30: Sometimes the government varies its spending, depending
Q31: Which of the following statements is CORRECT?<br>A)Resource
Q32: A new fast-food restaurant offered a free
Q33: For which of the following decisions would
Q37: When a market is in equilibrium:<br>A)a person
Q39: In Colorado, there has been a drought,
Q40: You decide whether to eat one more
Q63: Equity is the same as efficiency.
Q90: As long as individuals know that they
Q127: Because people usually exploit opportunities to make