The gold standard established fixed exchange rates among all countries

The opportunity cost of an economic decision is:

a. the best alternative that was sacrificed. b. the amount of money needed to implement the decision. c. any land, labor, and capital that are wasted. d. all options that were lost due to scarcity.

Monopolistic competition will include producers of poultry and dairy products

a. True b. False Indicate whether the statement is true or false