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Module 7 Exam Review Flashcards | StudBud
Module 7 Exam Review
1 / 68
Which describes the connection between opportunity cost and capital?
A
Opp. cost reflects decrease in profits as a result of increased supply
B
Opportunity cost reflects an increase in profits as a result of scarcity
C
Opportunity cost represents an increase in capital that was not expected
D
Opportunity cost represents capital that is spent, rather than saved
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