ECO 204 WEEK 1 QUIZ
HTTP://WWW.HOMEWORKMADE.COM/ECO-204/ECO-204-WEEK-1-QUIZ/
1. DEMAND FOR A GOOD WILL ALWAYS RISE WHEN (POINTS : 1)
THE PRICE OF A COMPLEMENTARY GOOD FALLS.
THE PRICE OF A SUBSTITUTE GOOD FALLS.
TASTES CHANGE.
INCOMES DECREASE.
THE PRICE OF...
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ECO 204 WEEK 1 QUIZ
HTTP://WWW.HOMEWORKMADE.COM/ECO-204/ECO-204-WEEK-1-QUIZ/
1. DEMAND FOR A GOOD WILL ALWAYS RISE WHEN (POINTS : 1)
THE PRICE OF A COMPLEMENTARY GOOD FALLS.
THE PRICE OF A SUBSTITUTE GOOD FALLS.
TASTES CHANGE.
INCOMES DECREASE.
THE PRICE OF THE GOOD FALLS.
2. OPPORTUNITY COSTS ARE (POINTS : 1)
ONLY DOLLAR EXPENDITURES.
COSTS THAT NEVER INCLUDE DOLLAR EXPENDITURES.
DOLLAR EXPENDITURES PLUS TIME COSTS AND OTHER FORGONE ACTIVITIES.
NOT IMPORTANT.
ONLY RELEVANT FOR INDIVIDUALS AND NOT FOR GOVERNMENT.
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