Generally there is an inverse relationship between the level of ...

[karlynnae]

Generally there is an inverse relationship between the level of savings and the level of long-term economic growth.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Opportunity cost is best defined as the:
 a. sum of all alternatives given up when a choice is made.
  b. money spent once a choice is made.
  c. highest-valued alternative given up when a choice is made.
  d. cost of a good minus the satisfaction obtained from consuming it.
  e. cost of capital resources used in the production of additional capital.

[akpaschal]

Answer to Question 1

False

Answer to Question 2

c

[karlynnae]

Thanks for the timely response, appreciate it

[connor417]

Gracias!