Identify the Logic of Economics That Those Who Have Not

question 31

Multiple Choice

Identify the logic of economics that those who have not studied economics may fail to understand.

• A)The implicit cost of a commodity is always higher than the explicit cost.
• B)Individual wants are limited by means.
• C)Private goods do not have a social cost.
• D)Public goods are available to us freely.
• E)There are costs to everything.

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