Author Question: The additional cost incurred as a result of undertaking an action is: a. the opportunity benefit. ... (Read 156 times)

jhjkgdfhk · **on:** Jun 30, 2018

The additional cost incurred as a result of undertaking an action is:
a. the opportunity benefit.
b. the marginal benefit.
c. the total cost.
d. the marginal cost.

Question 2

A price index can fall from one year to the next:
a. even when nominal GDP falls.
b. even when real GDP falls.
c. even when some individual good's prices rise.
d. in any of the above circumstances.