The giving up of a good or activity in order to obtain some other good or activity is called:
a. a tradeoff.
b. a cost analysis.
c. a random choice.
d. an opportunity cost.
e. a sunk cost.
a
Economics
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In a floating exchange rate system, an increase in the value of the exchange rate could be caused by
a. an increase in taxes. b. an decrease in government spending. c. a decrease in the domestic money supply. d. a decrease in exports.
Economics
If we observe that when the price of chocolate candy bars increases by 10%, quantity demanded decreases total by 10%, then the demand for chocolate candy bars is unit price elastic
a. True b. False Indicate whether the statement is true or false
Economics