Choice | Consumer | Economic Goods | Free Goods | Goods | Limited Means | Opportunity Cost | Scarcity | Service | The basic economic problem | The real cost of a decision | Wants | Why can individuals not have everything they want
Jade decides to stay at home to study rather than go to the movies with friends. What is the opportunity cost of her decision?
Which of the following statements is inconsistent with the economic concept opportunity cost?
Which of the following statements is consistent with the economic concept choice?
Which of the following statements is consistent with the economic concept opportunity cost?
Which word would best describe society's desires?
Which statement is correct?
A market gardener can use 10 hectares of his land to plant potatoes or onions. Potatoes can produce 15 tonnes per hectare and onions 50 tonnes per hectare. He decides to grow potatoes. What is the opportunity cost of this decision?
The opportunity cost of going partying with friends over the New Year is:
Jim has to choose one of four alternatives which he lists in order of preference X, T, Y or Z. The opportunity cost of his decision is:
There are no markets for free goods because:
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