EC 205 NCSU Problem Sets Study guides, Class notes & Summaries

Because of scarcity, - answer-we must sacrifice something of value to obtain more of any good or service we desire Which of the following can increase the opportunity cost of attending college for students? - answer-an increase in wages paid to workers without college degrees Which of the following is an example of capital? a. A delivery truck b. An oven used by a pizza parlor c. A shovel used by a farmer d. An oil tanker used by a petroleum company e. All of the above - answer-e W...