Margaret can use her quarterly savings to buy a teakwood study ...

[waynest]

Margaret can use her quarterly savings to buy a teakwood study table for her room or spend it on a small Christmas party with her family. The _____ cost of her enjoyment at the Christmas party would then equal the forgone utility of the study table.
 a. transaction
  b. exchange
  c. opportunity
  d. direct
  e. sunk

Question 2

Capital-intensive production techniques tend to be utilized most commonly in countries where labor is relatively cheap.
 a. True
  b. False
  Indicate whether the statement is true or false

[manuelcastillo]

Answer to Question 1

c

Answer to Question 2

False