Due to resource scarcity,

a. some economic activities have an opportunity cost
b. all economic activities have an opportunity cost
c. no economic activities have an opportunity cost
d. economic activities have opportunity costs equal to their market prices
e. economic activities have opportunity costs generally lower than their market prices


B

Economics

You might also like to view...

Give an example of a structurally unemployed person

What will be an ideal response?

Economics

"Heteroskedasticity typically occurs in cross-sections, while serial correlation is typically observed in time-series data." Discuss and critically evaluate this statement

What will be an ideal response?

Economics

At each level of income, net taxes reduce disposable income, thereby reducing consumption spending

a. True b. False

Economics

If domestic saving is less than domestic investment, then a country will have a ________ and positive net capital ________.

A. trade surplus; outflows B. trade deficit; inflows C. trade balance; inflows D. trade deficit; outflows

Economics