The highest valued alternative that must be given up to engage in an activity is the definition of
A) marginal cost. B) marginal benefit. C) opportunity cost. D) economic equity.
C
Economics
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In the case of a specific tax, tax incidence is independent of who pays
A) only when supply and demand elasticities are not constant. B) only when the tax is collected from consumers. C) in most but not all cases. D) in all cases.
Economics
Which area of risk management seeks to monitor and control potential violations for illegal searches and seizures?
A) workers' compensation B) law enforcement liability C) police auto liability D) sexual harassment
Economics