Eva finds that there is not enough time after work to have dinner, exercise, and watch TV, and she must make choices about how to use her limited time. For instance, if she chooses to exercise, she would need to give up watching TV. This example best illustrates which of the following four key ideas in Economics? Select one: a. the invisible hand principle b. gains from trade c. opportunity cost d. net marginal benefit

Eva finds that there is not enough time after work to have dinner, exercise, and watch TV, and she must make choices about how to use her limited time. For instance, if she chooses to exercise, she would need to give up watching TV. This example best illustrates which of the following four key ideas in Economics? Select one: a. the invisible hand principle b. gains from trade c. opportunity cost d. net marginal benefit

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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