The relevant cost in economic decision-making is the opportunity cost of the resources rather than the outlay of funds required to obtain the resources

The quantity demanded of a product increases as

A) the price of the product rises. B) the price of the product falls. C) consumer income rises. D) the prices of other products fall.

Davis and Haltiwanger showed that ________ churning of jobs occurs and that this churning reflects closing of old plants and opening of new ones ________

A) little; in different industries B) little; within the same industry C) much; within the same industry D) much; in different industries