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The concept of opportunity cost: choose the correct answer: Multiple Choice suggests that inexhaustible wants can be fulfilled is irrelevant if the production possibilities curve
The concept of opportunity cost:
choose the correct answer:
Multiple Choice
- suggests that inexhaustible wants can be fulfilled
- is irrelevant if the production possibilities curve is shifting to the right
- suggests that resources are often unlimited in quantity
- suggests that the use of resources in any particular line of production means that alternative outputs must be forgone
- is irrelevant in command economies because of central planning
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