According to the passage, what are the opportunity costs of an item?
A: The amount of time and money spent in producing it.
B: The opportunities a person has to buy it.
C: The value of what could have been produced instead.
D: The value of the resources used in its production.
A: The amount of time and money spent in producing it.
B: The opportunities a person has to buy it.
C: The value of what could have been produced instead.
D: The value of the resources used in its production.
举一反三
- The opportunity cost of an item is ( ). A: the price of that item B: what you give up to get that item C: the time you have to spend on earning enough money to buy that item D: the cost of producing that item
- What has Christine done with her earned money A: She has spent it all. B: She has spent the majority of it. C: She has saved it all. D: She has saved the majority of it.
- The<br/>government pays _____ attention to the project and large amounts of<br/>money ____ on it. A: many; have been spent B: much; have been spent C: a lot of; is spent D: a great deal of; has been spent
- Why can’t the item be sent A: There is not enough cargo space for it. B: It is temporarily out of stock. C: It has been discontinued. D: There is a delay on its production.
- Since currency has time value, the amount of money at different time cannot be simply compared, simply added or subtracted.