If you must make a choice about consuming two apples, three oranges, or one candy bar, the opportunity cost of the two apples is the candy bar plus the three oranges.
a. True
b. False
Indicate whether the statement is true or false
Question 2
Which of the following is false?
a. Property rights provide the rules of the economic game.
b. Well defined property rights give individuals the incentive to use their property efficiently.
c. Owners with property rights have an incentive to conserve their property.
d. Owners have no incentive to care what values others place on what they own.
Two moldy oranges.
Early in the twentieth century, when malnutrition was common, companies such as this one advertised
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Consuming a Healthy Diet
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