The concept of "opportunity cost" helps us explain the choices of

A) consumers only.
B) producers only.
C) greedy people only.
D) politicians only.
E) any individual.

E

Economics

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Economic theory assumes elected and appointed government officials

A) place their personal or private welfare ahead of the public interest. B) place the public interest ahead of any personal or private interests of their own. C) are free to pursue the public interest because they aren't constrained by competition. D) respond to the anticipated costs and benefits to themselves of decisions contemplated.

Economics

Which of the following pairs of goods would be considered complementary?

a. Coca-Cola and Pepsi b. computers and computer software c. radios and televisions d. mass transit and private automobiles e. compact discs and cassette tapes

Economics