If a Market System Is Functioning Well, We Can Conclude

question 19

Multiple Choice

If a market system is functioning well, we can conclude that goods with

• A)high opportunity costs tend to have high money costs.
• B)low opportunity costs tend to have high money costs.
• C)high opportunity costs tend to have low money costs.
• D)low opportunity costs tend to have zero money costs.
• E)high opportunity costs tend to have zero money costs.

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Definitions:

Amended Contract

A contract that has been modified or changed after its original execution, usually involving additional agreements or alterations to existing terms.

Breach

Violation of a law, duty, agreement, or trust.

Small Claims Court

A legal venue that handles minor civil disputes and claims typically involving small sums of money, offering a quicker and less complicated process than higher courts.

Duress

Coercion or pressure exerted upon someone to compel that person to act in a way they would not ordinarily act.