Money costs and opportunity costs are concepts that are
A. not related in any meaningful way.
B. used by tax accountants.
C. related through the relative prices of goods and services.
D. used by economists to learn the most efficient level of output.
Answer: C
Economics
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Suppose Bella had entered into a contract to rent Michelle's apartment for one year. The contract mentioned that if either of the two parties breached it, the other was to recover her loss. If Michelle breaches the contract, a payment which leaves Bella no worse off than if the contract was honored, is called opportunistic damage
Indicate whether the statement is true or false
Economics
What fiscal policy actions did the U.S. government take in 2008 and 2009?
What will be an ideal response?
Economics