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Author Question: Opportunity cost What will be an ideal response? ... (Read 30 times)

leilurhhh

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on: Jul 22, 2018
Opportunity cost
 
  What will be an ideal response?

Question 2

Market economy
 
  What will be an ideal response?


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sierramartinez

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Reply #1 on: Jul 22, 2018
Answer to Question 1

goods and services forgone when the decision is made to produce more of one item and less of another

Answer to Question 2

economic systems in which individual buyers and sellers price, buy, and trade goods and services freely based on individual knowledge of competitive offers


leilurhhh

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Reply 2 on: Jul 22, 2018
Thanks for the timely response, appreciate it

amynguyen1221

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Reply 3 on: Yesterday
Excellent

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