When did the Republic of Korea change its economic policies?

The opportunity cost of an item is: a. greater during periods of inflation and lower during periods of deflation. b. the highest valued alternative you give up to get that item

c. the value of all available alternatives you sacrifice to get that item. d. always equal to the dollar value of the item.

As the price level rises, real wage ____________and people choose to work ___________

A) rises; more B) rises; less C) falls; more D) falls; less