The opportunity cost of a good is______________?

Related Mcqs:

In a command (planned) economy ?

A. The price mechanism acts as an incentive B. Resources are allocated by market forces C. Individual firms make decisions for themselves about what to produce and how to produce it D. The public sector is large...

Productivity can be increased by ?

A. improving the education of workers B. raising union wages. C. raising minimum wages. D. restricting trade with foreign countries....

Microeconomics is not concerned with the behavior of ?

A. aggregate demand B. firms C. Consumers D. industries....

Inflation is___________________?

A. a decrease in the overall price level. B. an increase in the overall price level. C. an increase in the overall level of economic activity. D. a decrease in the overall level of economics activity...

Which of the following is not part of the opportunity cost of going on holiday ?

A. The money you spent on a theater show B. The money you could have made if you had stayed at home and worked C. The money you spend on airline tickets D. the money you spent on food...