EC 205 NCSU Problem Sets Study guides, Class notes & Summaries
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EC 205 NCSU Problem Sets
- Exam (elaborations) • 13 pages • 2024
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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...
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