Recessions are characterised by points that are not attainable on the production possibilities curve.
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Q25: Opportunity cost is best defined as:
A)marginal cost
Q26: As a consequence of the condition of
Q27: One of the basic economic defences of
Q28: When a provincial government chooses to build
Q29: The economic concept that serves as the
Q31: The study of economics is primarily concerned
Q32: The institution that coordinates actions of consumers
Q33: When economists describe "a market," they mean:
A)a
Q34: Assume that a tradeoff exists in the
Q35: The study of economics exists because:
A)government interferes
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