ECON 2000 Chapter : Session 2 Worksheet Chap1
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List some opportunity costs that could exist in this situation. Vocabulary to know: ____ all natural resources (water, air, etc) a. List all of the factors of production and provide one example of each. Microwaves 6: graph the production possibilities curve for blenders and microwaves on the axes below. (use the data in the table from the previous question), as blender output increases, opportunity costs _______________________. United states role in the world economy, he is discussing: a macroeconomic topic, a microeconomic topic, scarcity, incentives. January 22, 2015: which of the following statements are correct, the highest- valued alternative given up to get something is the opportunity cost. Scarcity creates opportunity costs: i only, i and ii, i and iii, i, ii, and iii, after you graduate, you have decided to accept a position working at the bureau of labor statistics for ,000. 00 a year.
