Which one of the following expressions best states the idea of opportunity cost?
A. "He who hesitates is lost."
B. "All that glitters is not gold."
C. "A penny saved is a penny earned."
D. "There is no such thing as a free lunch."
Answer: D
Economics
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The socially optimum equilibrium occurs where the private cost curve intersects the demand curve
a. True b. False Indicate whether the statement is true or false
Economics
A cause of the unequal distribution of income in the United States is:
A. Differences in work preferences and risks B. Differences in noncash transfers C. High expenditures for social insurance D. A low benefit-reduction rate for income
Economics