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ZanzabumX [31]
3 years ago
9

If total spending rises from one year to the next, then a. the economy must be producing a larger output of goods and services.

b. goods and services must be selling at higher prices. c. either the economy must be producing a larger output of goods and services, or goods and services must be selling at higher prices, or both.
Business
1 answer:
CaHeK987 [17]3 years ago
7 0

Answer:

The correct answer is option c.

Explanation:

A rise in total spending can mean several things. An increase in the production of goods and services is likely to cause an increase in consumption and hence spending.  

An increase in the price of existing goods and services may lead to an increase in spending.

As more money will be required now to purchase the same level of goods and services

Or both the reasons can apply.

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Answer:

$80 lost for not working

Explanation:

Opportunity cost refers to the sacrificed benefits as a result of preferring on a particular option over another. As people make choices, the forfeit one option in favor of another. Opportunity cost is the missed value of the next best alternative.

For John, he has a choice between working or going to the concert.  He has two tickets worth $50. Working would mean her twice her regular income, which is $20 per hour. If he works for four hours, his total earning will be $80. If John chooses to go to the concert, he will miss the opportunity to earn $80. The opportunity cost will be the missed $80 that he would have received from working.

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Answer:

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