"Opportunity cost" refers to ______________.
A. the resources that someone will give up in order to acquire a good
B. the monetary loss suffered if there is oversupply
C. the tax that a business must pay to enter a new market
D. a government tax used to redistribute resources
Answer: A
You might also like to view...
Discuss the U.S. president's veto power.
What will be an ideal response?
The __________ model of representation holds that legislators should feel free to follow their own judgment on matters where the public remains silent
a. conscience b. delegate c. politico d. reciprocity
Congress has attempted to deal with the problem of undocumented aliens by punishing employers who knowingly hire them
Indicate whether the statement is true or false
Religious groups often have political goals similar to those of
a. nationalist groups b. ethnic groups c. national elites d. political parties