The opportunity cost of something you decide to get is
A) all the possible alternatives that you give up to get it.
B) the highest valued alternative you give up to get it.
C) the value of the item minus the cost you paid for it.
D) the amount of money you pay to get it.
B
Economics
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Explain the concept of purchasing power parity
What will be an ideal response?
Economics
Whenever the expected inflation rate is positive
A) the real interest rate is greater than the nominal interest rate. B) the real interest rate is negative. C) the real interest rate is positive. D) the nominal interest rate must be equal to the real interest rate. E) none of the above
Economics