Author Question: Generally there is an inverse relationship between the level of savings and the level of long-term ... (Read 157 times)

karlynnae · **on:** Jun 30, 2018

Generally there is an inverse relationship between the level of savings and the level of long-term economic growth.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Opportunity cost is best defined as the:
a. sum of all alternatives given up when a choice is made.
b. money spent once a choice is made.
c. highest-valued alternative given up when a choice is made.
d. cost of a good minus the satisfaction obtained from consuming it.
e. cost of capital resources used in the production of additional capital.