If a country is thinking it should direct most of its resources to the production of hot dogs & not bombs, which one of the three basic economic questions is focusing on?
In the United States, we use what to decide \
Which of the following are the four key elements within the scope of economics
Which of factors of production is the sun?
Which of factors of production is the hardest thing to explain?
Which of factors of production would a building be?
Opportunity cost can always be expressed in term of the TIME you give up.
Outside (to the right) the Product Possibilities Frontier curve/line is impossible
Absolute Advantage is when a country can to produce a good at a lower opportunity cost than another nation.
Paradox of value helps explain why...
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