Author Question: The term used to emphasize that making choices in the face of scarcity involves a cost is A) ... (Read 144 times)

sjones · **on:** Jun 29, 2018

The term used to emphasize that making choices in the face of scarcity involves a cost is

A) substitution cost.
B) opportunity cost.
C) utility cost.
D) accounting cost.

Question 2

The Federal Reserve has ________ regional Federal Reserve Banks and ________ members of the Board of Governors.

A) 12; 12
B) 12; 7
C) 7; 12
D) 7; 7