Question 13

The concept of opportunity cost:

  • A.would be irrelevant if we eliminated poverty.
  • B.suggests a major increase in public health-care spending means an expansion in other areas will be harder to achieve.
  • C.suggests all our wants can be achieved.
  • D.is relevant only for a capitalist economy like the United States.
Objective

Question details

Exam body
IMSU
Subject
Economics
Year
2011/2012
Question no.
#13
Type
Objective

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