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When making a decision, the next best alternative is called:
a negative externality
the marginal cost
income redistribution
a command economy
productivity increases
a resource is temporarily unavailable
is crucial for a country's government
the opportunity cost
Setting economic goals:
a negative externality
the marginal cost
income redistribution
a command economy
productivity increases
a resource is temporarily unavailable
is crucial for a country's government
the opportunity cost
All economic questions are answered by the central government in:
a negative externality
the marginal cost
income redistribution
a command economy
productivity increases
a resource is temporarily unavailable
is crucial for a country's government
the opportunity cost
Social Security and unemployment benefits are two examples of:
a negative externality
the marginal cost
income redistribution
a command economy
productivity increases
a resource is temporarily unavailable
is crucial for a country's government
the opportunity cost
When countries utilize specialization:
a negative externality
the marginal cost
income redistribution
a command economy
productivity increases
a resource is temporarily unavailable
is crucial for a country's government
the opportunity cost
A shortage occurs when:
a negative externality
the marginal cost
income redistribution
a command economy
productivity increases
a resource is temporarily unavailable
is crucial for a country's government
the opportunity cost
Avoiding an action because the cost is too high... is known as:
a negative externality
the marginal cost
income redistribution
a command economy
productivity increases
a resource is temporarily unavailable
is crucial for a country's government
the opportunity cost
An additional amount of effort, expense, or time incurred from undertaking an action... is called:
a negative externality
the marginal cost
income redistribution
a command economy
productivity increases
a resource is temporarily unavailable
is crucial for a country's government
the opportunity cost
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