Which of the following quotations best captures the idea of opportunity cost?
a. "Opportunity knocks but once."
b. "Every choice involves a sacrifice."
c. "Let's not ask for the moon; we have the stars."
d. "Fools rush in where wise men fear to tread."
e. "All that glitters is not gold."
b
Economics
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The net worth of a bank is equal to: a. the value of the financial assets the bank can buy
b. its total assets minus its total liabilities. c. the value of the assets that all borrowers hold. d. the value of the money the bank keeps on hand and does not loan.
Economics
The agricultural price support program in the United States has resulted in:
A. Declining average farm income B. Surpluses of price-supported farm commodities C. Shortages of price-supported farm commodities D. A gradual migration of people from farms to cities
Economics