ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bart decides to go on a backpacking trip in Alaska. In order to go on this trip, he has to give up $600 and a weeks’ worth of vacation time. These are examples of what?
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opportunity costs
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production possibilities
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growth
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tradeoffs
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Explanation:
Detailed explanation-1: -Bart decides to go on a backpacking trip in Alaska. In order to go on this trip, he has to give up $600 and a weeks’ worth of vacation time. These are examples of what? an impossible level of production given the available resources.
There is 1 question to complete.