You decide to join the football team, but this means you can't join the basketball team, as the practices for the two teams occur at the same time. Which economic principle does this statement BEST represent? O a. The true cost of something is its opportunity cost. Ob. People usually respond to incentives, exploiting opportunities to make themselves better off. OC How much" is a decision at the margin. Od. There are gains from trade.

You decide to join the football team, but this means you can't join the basketball team, as the practices for the two teams occur at the same time. Which economic principle does this statement BEST represent? O a. The true cost of something is its opportunity cost. Ob. People usually respond to incentives, exploiting opportunities to make themselves better off. OC How much" is a decision at the margin. Od. There are gains from trade.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter2: Scarcity And Opportunity Costs

Section: Chapter Questions

Problem 4E

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