A well-functioning market will have high monetary costs applied to high opportunity costs
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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The study of how people choose between the alternatives available to them is
A. definition of economics B. model of demand C. theory of opportunity costs D. method of distinguishing between microeconomics and macroeconomics.
Economics
If a firm produces an experience good, its mode of advertising will be
A. direct advertising. B. not to advertise. C. persuasive advertising. D. none of these.
Economics