Scarcity and Opportunity Cost
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Last updated 3 months ago
5 questions
1
Economics is the study of how people, businesses, and governments
Economics is the study of how people, businesses, and governments
1
Scarcity forces all of us to
Scarcity forces all of us to
1
A possible option you didn't choose when making a decision is called a
A possible option you didn't choose when making a decision is called a
1
You have $150 in your savings account. You have to choose between going to a concert that will cost you $100, or buying a pair of shoes you like that cost $75. If you choose to go to the concert, what is the opportunity cost of that decision.
You have $150 in your savings account. You have to choose between going to a concert that will cost you $100, or buying a pair of shoes you like that cost $75. If you choose to go to the concert, what is the opportunity cost of that decision.
1
Which of the following are included in the 3 Essential Economic Questions? (choose all that apply)
Which of the following are included in the 3 Essential Economic Questions? (choose all that apply)