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
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Give an example of a structurally unemployed person
What will be an ideal response?
"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?
At each level of income, net taxes reduce disposable income, thereby reducing consumption spending
a. True b. False
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