At a point on a production possibilities curve, opportunity cost of more capital goods today is
A) fewer capital goods in the future.
B) fewer consumer goods in the future.
C) fewer consumer goods today.
D) more unemployed resources in the future.
C
Economics
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The figure above shows a perfectly competitive firm. The figure shows a firm
A) in the short run. B) in the long run. C) at its shutdown point. D) Both answers A and C are correct.
Economics
The portion of the four-sector circular flow model which shows the flow of funds from savers to borrowers is the:
a. product market. b. factor market. c. savings market. d. financial market.
Economics