Principle if Microeconomics Questions?

Posted on 2014-04-21 09:57:00 in Economics by STEPHANIE

If you have a choice between doing your homework, watching a baseball game, and playing video games what is the opportunity cost of deciding to do your homework?



the value of watching a baseball game



the value of watching a baseball game and playing video games



the value of playing video games



only the value of the activity you like the most between watching a baseball game and playing video games







Which of the following is NOT an example of capital



tools



machinery



factories



money







How is the 'how to produce' question answered in the United States?



businesses produce the maximum amount with the least amount of resources



unions tell businesses how to produce



the government tells businesses how to produce



businesses produce in the that provides the most jobs for Americans

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