Which Sentence Expresses Cryptocurrency Correctly

question 30

Multiple Choice

Which sentence expresses cryptocurrency correctly?

• A)In today's marketplace, 1฿ is worth about $4,000.
• B)In today's marketplace, 1 ETH1 is worth about $150.
• C)In today's marketplace, Ł1 is worth about $36.

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Definitions:

Bowed Outward

Refers to the shape of a production possibility frontier that indicates increasing opportunity costs for producing two goods.

Opportunity Cost

The cost of foregone alternatives; the value of the best alternative given up when a decision is made to choose one option over another.

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs, representing the trade-off between different choices in the allocation of resources.

Opportunity Cost

Giving up possible gains from several options by choosing a particular one.