What is it called when an economic decision is made to give up the most attractive option because of another choice?

diminishing returns

opportunity costs

limited resources

trade-offs

Ace, Inc. just bought a new delivery truck. Which of these costs should be capitalized?1. The $500 for insurance on the truck for the next 12 months2. The $25,000 cost of the truck3. The $2,000 paid to install shelves inside the truck4.

As a result of increased tensions in the Middle East, oil production is down by 1.21 million barrels per day - a 5 percent reduction in the world's supply of crude oil.

What is 1 question to ask a janitor? (This not for an interview) I already have: Why did you want to be a custodian? What are some previous jobs that you had, and which ones gave you experience towards this job?

When the overall level of goods and services available remains constant?

In a certain economy, jam and bread are produced, and the economy currently operates on its production possibilities frontier.

A country that has multinational corporations is most likely to be

If a tree grew more than 3 feet during the year, how much more likely is it that the tree was at most 50 yards from the river?

An HP-10BII can solve problems with up to 15 beginning-of-year cash flows when there are no consecutive equal cash flows. True / False.

Do you think we need to prioritize wants? why

When the auditors discover an overstatement of accounts payable, they would most likely also expect to find an overstatement of:?