Opportunity cost:
a. applies only to consumption decisions.
b. applies only to production decisions.
c. is the same as monetary costs.
d. exists because of scarcity.
e. is irrelevant for wealthy economies.
d
Economics
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The difference between national income and disposable income is
a. residential investment. b. federal deficits. c. net exports. d. financial investment. e. the amount of taxes collected.
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If we were at point ____ it would be possible to produce more heart transplants and more round-the-world trips.
Economics