Which economic concept is illustrated by the saying You can't have your cake and eat it too?
a. Private property rights
b. Economic freedom
c. Scarcity
d. Opportunity cost
e. Gains from trade
Question 2
The marginal cost of a vacation in the south of France is 4,500 . The marginal benefit to Madeline of a vacation in the south of France is 4,800.
a. Madeline will lose 300 if she vacations in the south of France.
b. Madeline will experience a net gain of 300 if she vacations in the south of France.
c. Madeline will be worse off if she vacations in the south of France.
d. Madeline will enjoy a net gain of 4,800 if she vacations in the south of France.
Concept of Death by Children
Concept of Health by Children
The Concept of Water Balance
economic question
economic question
Economic question