1. Money is an important measure of opportunity costs in a market economy. For example, if you spend $30 for
new clothes, you are likely to say that the clothes cost you $30. But the money you spend is not the real cost of
the new clothes. Describe what the real cost your opportunity cost-would be if you spend $30 op new clothes
Answers: 3
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1. Money is an important measure of opportunity costs in a market economy. For example, if you spend...
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