Spending money on a new car instead of a used car when you are on a fixed budget is an example of:
A. the incursion of an opportunity cost.
B. isolating variables.
C. a bad thing to do because you run out of money.
D. living on the edge.
Answer: A
Economics
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List the factors that change demand and shift the demand curve. Tell what happens to demand and the demand curve when there is an increase in the factor
What will be an ideal response?
Economics
According to John Rawls, the fair distribution of income is the one that
A) makes the poorest person as well off as possible. B) makes the average person as well off as possible. C) results in equal income for all society members. D) is based on fair rules.
Economics