This topic contains a solution. Click here to go to the answer

Author Question: The giving up of a good or activity in order to obtain some other good or activity is called: a. a ... (Read 95 times)

Medesa

  • Hero Member
  • *****
  • Posts: 507
The giving up of a good or activity in order to obtain some other good or activity is called:
 a. a tradeoff.
  b. a cost analysis.
  c. a random choice.
  d. an opportunity cost.
  e. a sunk cost.

Question 2

The most essential economic problem is the existence of:
 a. both an increasing population and the depletion of natural resources.
  b. both limited economic resources and unlimited desires.
 c. both inflation and unemployment.
 d. income inequality and economic freedom.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Viet Thy

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

a

Answer to Question 2

b





 

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

For a complete list of videos, visit our video library