Initially, the creation of railroads was opposed in some countries because:
A) it was likely to increase poverty.
B) it was likely to increase the cost of trade.
C) it was likely to provide more power to monarchs and rulers.
D) it was likely to initiate creative destruction.
D
Economics
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Trina's Tropical Fish Store sells goldfish for $2 each and angelfish for $10 each. What is the opportunity cost of buying a goldfish?
A) 1/5 of an angelfish B) $10 C) $2 D) 5 angelfish
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Refer to Table 2-19. What is Wilma's opportunity cost of making a statue?
A) 3 benches B) 1/3 of a bench C) 6/7 of a statue D) 1/2 of a bench
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