What is an opportunity cost?
What will be an ideal response?
An opportunity cost is what you sacrifice to get something.
Economics
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Since the 1950s, the percentage of women working in the United States has held relatively steady.
Answer the following statement true (T) or false (F)
Economics
A PPF will not shift because of an increase in
a. the stability of the rules of the game b. capital stock c. resource availability d. unemployment e. technological change
Economics
According to new growth theory, the primary source of growth is capital.
Answer the following statement true (T) or false (F)
Economics
An example of forgoing present benefits in order to receive future benefits is
A. saving. B. production. C. consumption. D. growth.
Economics