That which we forgo, or give up, when we make a choice or a decision is known as
A. correlation.
B. equity.
C. opportunity cost.
D. causation.
Answer: C
Economics
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Real business cycle and new Keynesian models disagree upon
a. whether people form their expectations rationally. b. whether changes in unemployment are voluntary or involuntary. c. whether individuals engage in optimizing behavior at all times. d. whether changes in the money supply affect output in the long-run.
Economics
The growth accounting equation is
A. Y = AF(K, N) B. ?Y/Y = ?A/A + aK?K/K + aN?N/N C. ?Y/Y = ?A/A - aK?K/K - aN?N/N D. Y = AaKK aNN
Economics