Some of the E2020 notes
Subject:
Economics [1]
Tags:
E2020 [2]
Deciding whether to do or use one additional unit of some resource *Thinking at the margin Service *work that is performed for someone The government of a country must make a decision between spending money on a hospital or spending the same amount on border security. What kind of decision is this. *Not D All the possible alternatives that rejected when a choice is made *not opportunity cost. For the one about CLEAN AIR. *B Productivity? *A measure of the amount of output produced by a given amount of inputs What is the opportunity cost of a decision? *Not A Which of the following is an example of scarcity, rather than shortage? *not D ANOTHER TEST^^^^^^^ Which of the following does a government provide as part of a safety net for the people? *B.