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Test Bank for Macroeconomics Private and Public Choice 15th Edition Gwartney, Stroup, Sobel, Macpher
Test Bank for Macroeconomics Private and Public Choice 15th Edition Gwartney, Stroup, Sobel, MacpherMacroeconomics Chapter 2 A—Some Tools of the Economist MULTIPLE CHOICE 1. Which of the following sayings best reflects the concept of opportunity cost? a. "You can't teach an old dog new tricks." b. "Time is money." c. "I have a baker's dozen." d. "There's no business like show business." ANS: B PTS: 1 DIF: Easy NAT: BUSPROG: Analytic STA: DISC: Scarcity, tradeoffs, and opportunity co...