The most desired goods and services that are foregone in order to obtain something else are the
A. Average total cost.
B. Marginal cost.
C. Opportunity cost.
D. Variable cost.
Answer: C
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Differentiate between taste-based discrimination and statistical discrimination
What will be an ideal response?
Exchange rates allow for a comparison of the trade values of goods and services across countries
a. True b. False Indicate whether the statement is true or false
Govts want savings to increase, ____
a. so that loan interest rates will increase b. so that spending on business investment will increase c. so that immigration will increase d. all
Which of the following is true?
A. At the same price, demand is more elastic on the steeper demand curve. B. On a linear demand curve, elasticity is constant. C. On a linear demand curve, the higher the price, the less elastic is demand. D. None are true.