Opportunity costs differ among nations primarily because
a. nations employ different currencies.
b. nations have different amounts of land, labor skills, capital, and technology.
c. nations have different religious, political, and economic institutions.
d. the work-leisure preferences of people vary considerably from one nation to another.
B
Economics
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A) the Federal Reserve should sell government securities. B) the Federal Reserve should reduce its loans to banks. C) the Federal Reserve should buy government securities. D) the commercial banks should reduce their loans.
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In the above, as the y variable increases
A) the x variable is constant. B) the x variable increases. C) the x variable decreases. D) the x variable at first increases but then decreases.
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