An example of an opportunity cost is the time you forgo to eat a "free lunch."
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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The law of demand states that as the price
a. increases, total quantity demanded will increase. b. decreases, total quantity demanded will decrease. c. increases, total quantity demanded will decrease. d. increases, total quantity demanded will stay the same.
Economics
The reason people can't have everything they want is because
A) people are selfish. B) scarcity exists. C) there is not enough economic growth in the world. D) none of the above
Economics