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Introduction To Economics

Periods of less than full employment corresponds to _________________ ?

Periods of less than full employment corresponds to _________________ ?

A. points outside the production possibility curve
B. either points inside or outside the production possibility curve.
C. points on the production possibility curve
D. points inside the production possibility curve.

Periods of less than full employment corresponds to _________________ ? Read More »

Economics Mcqs, Introduction To Economics

Opportunity cost is_________________?

Opportunity cost is_________________?

A. the cost incurred in the past before we make a decision about what to do in the future.
B. a cost that cannot be avoided. regardless of what is done in the future
C. that which we forgo, or give up, when we make a choice or a decision.
D. the additional benefit of buying an additional unit of a product

Opportunity cost is_________________? Read More »

Economics Mcqs, Introduction To Economics