Author Question: An economy recovering from a recession A) moves up from its trough to a period of expansion. B) ... (Read 75 times)

swpotter12 · **on:** Jun 29, 2018

An economy recovering from a recession

A) moves up from its trough to a period of expansion.
B) moves up from its peak to a period of expansion.
C) moves down from its trough to a period of depression.
D) moves down from its peak to a period of expansion.

Question 2

The opportunity cost of any action is

A) all the possible alternatives given up.
B) the highest-valued alternative given up.
C) the benefit from the action minus the cost of the action.
D) the dollars the action cost.