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Author Question: Because we face scarcity, every choice involves A) money. B) the question what. C) giving up ... (Read 132 times)

waynest

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on: Jun 29, 2018
Because we face scarcity, every choice involves
 
  A) money.
  B) the question what.
  C) giving up something for nothing.
  D) an opportunity cost.

Question 2

A fall in the money wage rate shifts
 
  A) both the SAS and LAS curves rightward.
  B) both the SAS and LAS curves leftward.
  C) the SAS curve rightward but leaves the LAS curve unchanged.
  D) the LAS curve rightward but leaves the SAS curve unchanged.


isabelt_18

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


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