Since 1970, the U.S. economy has experienced two
A. recessions.
B. periods of high inflation.
C. deflations.
D. all of the above.
Answer: B
Economics
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If you must make a choice about consuming two apples, three oranges, or one candy bar, the opportunity cost of the candy bar is:
a. two apples. b. three oranges. c. two apples and three oranges. d. two apples or three oranges, whichever you prefer more. e. equal to the difference in the prices of the three options.
Economics