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Studying for a test instead of going to a party... is an example of:
opportunity cost
predictable ways
both parties believe they will be better off
tax dollars
resource allocation
inputs to outputs
greater than the marginal cost
one company or a few companies dominate a market
Market power exists when:
opportunity cost
predictable ways
both parties believe they will be better off
tax dollars
resource allocation
inputs to outputs
greater than the marginal cost
one company or a few companies dominate a market
Economists believe that individuals, governments, and businesses respond to incentives in:
opportunity cost
predictable ways
both parties believe they will be better off
tax dollars
resource allocation
inputs to outputs
greater than the marginal cost
one company or a few companies dominate a market
Public goods are generated from:
opportunity cost
predictable ways
both parties believe they will be better off
tax dollars
resource allocation
inputs to outputs
greater than the marginal cost
one company or a few companies dominate a market
Decisions are considered rational if the marginal benefit is:
opportunity cost
predictable ways
both parties believe they will be better off
tax dollars
resource allocation
inputs to outputs
greater than the marginal cost
one company or a few companies dominate a market
When voluntary trade occurs:
opportunity cost
predictable ways
both parties believe they will be better off
tax dollars
resource allocation
inputs to outputs
greater than the marginal cost
one company or a few companies dominate a market
Productivity is the ratio of:
opportunity cost
predictable ways
both parties believe they will be better off
tax dollars
resource allocation
inputs to outputs
greater than the marginal cost
one company or a few companies dominate a market
Price, force, and first-come first-served... are examples of:
opportunity cost
predictable ways
both parties believe they will be better off
tax dollars
resource allocation
inputs to outputs
greater than the marginal cost
one company or a few companies dominate a market
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