Opportunity cost is the difference between the benefits and the costs of a choice

a. True
b. False

B

Economics

You might also like to view...

If the market price is $40, the average revenue of selling five units is

A) $8. B) $20. C) $40. D) $200.

Economics

If there is an improvement in technology that affects only Aggregate Supply and a nation's wealth falls due to a sagging stock market, then:

a. Price index rises, and real GDP rises. b. Price index rises, and real GDP falls. c. Price index rises, and the change in real GDP is uncertain. d. Price index falls, and real GDP rises. e. Price index falls, and the change in real GDP is uncertain.

Economics