The giving up of a good or activity in order to obtain some other ...

[Medesa]

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.

[Viet Thy]

Answer to Question 1

a

Answer to Question 2

b

[Medesa]

Correct answers!

[Viet Thy]

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