Opportunity costs exist for
a. households but not businesses or governments.
b. businesses but not households or governments.
c. businesses and households but not governments.
d. households, businesses, and governments.
d
You might also like to view...
U.S. manufacturers formed trusts in the late 1880s because
a. booms in the economy made trusts highly profitable and allowed them to expand b. economies of scale allowed larger firms to prosper c. the rapid growth of the railroads allowed firms to reach a wider market d. technological breakthroughs increased capital use and optimal firm size e. they wanted to avoid price wars during depressions
According to Keynes, a pessimistic outlook causes consumers and businesspersons to ____, and a recession could occur.
A. increase planned investment B. decrease planned spending C. increase exports D. decrease imports E. decrease saving