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Author Question: Generally there is an inverse relationship between the level of savings and the level of long-term ... (Read 178 times)

karlynnae

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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.


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akpaschal

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

c


karlynnae

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

triiciiaa

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Reply 3 on: Yesterday
Excellent

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