In Economics,cost Is Measured as ________,And Benefit Is Measured as ________

question 291

Multiple Choice

In economics,cost is measured as ________,and benefit is measured as ________.

• A) what you must give up to get something; what you are willing to give up to get it
• B) what you are willing to give up to get it; what you must give up to get something
• C) the amount of money that you pay for something; the amount of money that someone else is willing to pay you
• D) what you are willing to pay on the margin; what the government pays you when you are unemployed or retired
• E) the amount of money that you pay on the margin; the amount of money that you receive on the margin

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Definitions:

Urban Areas

Regions characterized by high population density and vast human features in comparison to areas surrounding them, often synonymous with cities or towns.

Sharp Inequalities

Significant disparities or unequal conditions affecting various sectors of society, including wealth, access to resources, and social status.

Economic Opportunity

The chance for individuals to participate in the economy and improve their financial situation through employment, entrepreneurship, or investment.

Freedom

The power or right to act, speak, or think as one wants without hindrance or restraint; it is often considered one of the fundamental human rights.