The cost of an action is

A) indeterminate from a strictly economic point of view.
B) the value of the next-best alternative opportunity sacrificed
C) the cost to the consumer plus the cost to the producer.
D) the number of consumers needed to set the price.
E) measured only in money.

B

Economics

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National income:

a. is included in gross private domestic investment. b. includes the sum of all payments made to resource owners for the use of their resources. c. includes depreciation. d. is often measured as C + I + G + (X ? M).

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