Author Question: When we choose a particular option, we must give up alternative options. The highest-valued ... (Read 118 times)

gonzo233 · **on:** Jun 29, 2018

When we choose a particular option, we must give up alternative options. The highest-valued alternative forgone is the ________ of the option chosen.

A) opportunity cost
B) comparative advantage
C) nonmonetary cost
D) absolute advantage

Question 2

Which of the following is a liability of the Federal Reserve?

A) currency
B) mortgage-backed securities
C) U.S. government securities
D) U.S. coins