"Opportunity cost" refers to:
A) what someone is willing to pay or trade for a good.
B) the monetary loss suffered if there is oversupply.
C) the tax a business must pay to enter a new market.
D) a government tax used to redistribute resources.
Answer: A
Political Science
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Congressional agencies such as the Congressional Budget Office (CBO) are designed to
a. recommend legislation to the leaders of Congress. b. critique Congress. c. provide objective information for use in formulating policy. d. report to the president on the actions of Congress. e. reveal criminal activity on the part of members of Congress.
Political Science
What is (are) the Nash equilibrium (equilibria) in the game shown below?
A. D; d
B. none of these
C. U; u
D. D; u
E. U; d
Political Science