The Opportunity Cost of Good a in Terms of Good

question 429

Multiple Choice

The opportunity cost of good A in terms of good B is equal to the

• A) money price of good A minus the money price of good B.
• B) money price of good B minus the money price of good A.
• C) ratio of the money price of good A to the money price of good B.
• D) ratio of the money price of good B to the money price of good A.

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Definitions:

Eugene Burdick

An American political scientist and novelist, best known for co-writing the Cold War-era novel, "The Ugly American."

Second Language

A language learned by a person in addition to their native language.

Lingua Franca

A language systematically used to make communication possible between people not sharing a mother tongue, in particular for trade, diplomacy, or cultural exchanges.

Cultural Dimensions

Theoretical frameworks that describe the effects of a society’s culture on the values of its members, and how these values relate to behavior.