The expression, "There's no such thing as a free lunch," implies that

What will be an ideal response?


opportunity costs are incurred when resources are used to produce goods and services.

Economics

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In a multiplayer game where there are two equally-enjoyable choices of what to do, and everyone wants to do what everyone else is doing, there will be three Nash equilibria

Indicate whether the statement is true or false

Economics

Adam Smith said to never attempt to make at home what it will cost more to make than to ____________.

Fill in the blank(s) with the appropriate word(s).

Economics

Define macroeconomics

What will be an ideal response?

Economics

In general, why are trade sanctions implemented?

A. To lower domestic unemployment rates B. To benefit emerging industries C. For political reasons D. To raise revenue from trade

Economics