"Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold andare not clothed."• Dwight Eisenhower, 1953What economic concept is discussed in this excerpt?O A. international competitionB. marginal benefitC. monetary incentivesD. opportunity costMP3UShp->女#&大%24%23

Given the statement is Every gun that is made, every warship launched, every rocket fired…

"Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold ard are not clothed." • Dwight Eisenhower, 1953 What economic concept is discussed in this excerpt? O A. international competition O B. marginal benefit C. monetary incentives D. opportunity cost

"Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold ard are not clothed." • Dwight Eisenhower, 1953 What economic concept is discussed in this excerpt? O A. international competition O B. marginal benefit C. monetary incentives D. opportunity cost

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter2: Choice In A World Of Scarcity

Section: Chapter Questions

Problem 21CTQ: It is clear that productive inefficiency is a waste since resources are used in a way that produces...

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Consider the production possibilities frontier in the figure shown. The opportunity cost of cars when moving from point B to point C: Cigars 4004 300 200 100 O a Ob OC Od 10 B C 20 30 D 40 Cars is greater than the opportunity cost of cars when moving from point A to point B. None of these statements are true. is less than the opportunity cost of cars when moving from point A to point. 8. is greater than the opportunity cost of cars when moving between any other two points.
Why does eveything we do have it's opportunity cost.
. Diego and Darnell are roommates. They spend mostof their time studying (of course), but they leavesome time for their favorite activities: making pizzaand brewing root beer. Diego takes 4 hours to brewa gallon of root beer and 2 hours to make a pizza.Darnell takes 6 hours to brew a gallon of root beerand 4 hours to make a pizza.a. What is each roommate’s opportunity cost ofmaking a pizza? Who has the absolute advantagein making pizza? Who has the comparativeadvantage in making pizza?b. If Diego and Darnell trade foods with each other,who will trade away pizza in exchange for rootbeer?c. The price of pizza can be expressed in terms ofgallons of root beer. What is the highest price atwhich pizza can be traded that would make bothroommates better off? What is the lowest price?Explain.
Figure 2-7 engines 45 40 35 30 25 20 15 P 10 5 10 15 20 25 30 35 40 45 tvs Refer to Figure 2-7. What is the opportunity cost of moving from point M to point L? O a. zero O b. 15 tvs c. 20 engines and 15 tvs O d. 20 engines
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Need help with this homework thinking question (about opportunity costs) Sigmund Freud, in his 1930 essay Civilization and Its Discontents, argues that thesublimation of sexual desire leads to the mental energy required for advances in civiliza-tion: science, art, politics, etc. He writes,“Sublimation of instinct [such as sexual instinct] is an especially conspicu-ous feature of cultural development; it is what makes it possible for higherpsychical activities, scientific, artistic, or ideological, to play such an impor-tant part in civilized life... it is impossible to overlook the extent to whichcivilization is built up upon a renunciation of instinct...” How would an economist phrase Freud’s argument, in terms of opportunity costs? Might this explain the development of monogamous marriage as an institution?
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950 850 - 700 400 100 200 300 400 The figure above illustrates Mary's PPF. Which of the following statement is FALSE? Select one: a. Opportunity cost of moving from B to C is greater than the opportunity cost of moving from D to E O b. Productive efficiency is represented by point Bon the PPF. O c. Point Z can be in a new PPF if technology improves. O d. Productive inefficiency is represented by point W in the PPF.
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