The real cost of a decision is the opportunity cost measured in the commodities forgone
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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The unemployed are those people who:
A. Do not have jobs B. Are not employed but are seeking work C. Are not working D. Are not in the workforce
Economics
If a new home can be constructed for $150,000, what is the opportunity cost of federal defense spending, measured in terms of private housing? (Assume a defense budget of $700 billion.)
Economics