Your Elderly Grandma Tells You: "I Haven't Been Taking My

question 121

Multiple Choice

Your elderly grandma tells you: "I haven't been taking my beloved walks because I'm concerned about falling and getting hurt.See,there is always a cost to doing something.But if you don't do anything,then there is no cost." Your grandma does not understand the economic concept of:

• A)scarcity.
• B)efficiency.
• C)opportunity cost.
• D)marginal analysis.

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