The Money Cost of a Particular Good Will Approximate Its

question 71

Multiple Choice

The money cost of a particular good will approximate its opportunity cost if

• A)there are serious distortions in the market.
• B)the market functions well.
• C)there is much specialization in the market.
• D)nations are exploiting the law of comparative advantage.

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Definitions:

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The area of biological study focused on the transmission of traits from parents to offspring and the differences in these traits.

Freud

Sigmund Freud was an Austrian neurologist known for founding psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.

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