Question 2

Which of the following best describes the concept of opportunity cost?

  • A.A special bargain or sale at below market price
  • B.costs for inputs tend to go up as we use more of them
  • C.Goods that are not produced in order to produce more of another good
  • D.A cost that constantly decreases.
Objective

Question details

Exam body
FUTA
Subject
Economics
Year
2006/2007
Question no.
#2
Type
Objective

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