The highest-valued alternative that must be given up to engage in ...

[sabina]

The highest-valued alternative that must be given up to engage in an activity is the definition of
 
  A) implicit cost. B) economic sacrifice.
  C) utility. D) opportunity cost.

Question 2

If real GDP per capita in Ireland is estimated to be 7,400 in 2016, what will real GDP per capita be in 2021 if real GDP per capita grows at an annual rate of 2.8?
 
  A) 7,607 B) 8,496 C) 9,472 D) 20,720

Question 3

The Arrow impossibility theorem
 
  A) explains why it is impossible, in most cases, to eliminate special-interest legislation after it has become law.
  B) explains why people can be rational as well as ignorant at the same time.
  C) explains why candidates for public office must represent the preferences of the political middle.
  D) explains why voting systems do not consistently represent the preferences of voters.

[dyrone]

Answer to Question 1

D

Answer to Question 2

Thanks for the answer, I sent you a forum message for another one.

Answer to Question 3

D