ECON 205 FINAL EXAM STUDY GUIDE
A)can be used in production.
A)not having sufficient resources to produce all the goods and service we want.
D)the value of the best alternative forgone in making any choice.
D)whatever she would have purchased with the $10,000 instead and whatever she would have earned had she not been in college.
C)at the margin
C)is measured by the amount of the good that must be given up.
Use the following to answer questions 9-11:
Figure: Guns and Butter
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