1. When the government chooses to use resources to build a new bridge to Surrey, those...
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1. When the government chooses to use resources to build a new bridge to Surrey, those resources are no longer available to build a Skytrain to UBC. This illustrates the concept of: A. A closed economy. C. Opportunity cost. E. Cross elasticity (of demand). B. A positive sloping production possibility curve. D. A negative sloping demand curve. 1. When the government chooses to use resources to build a new bridge to Surrey, those resources are no longer available to build a Skytrain to UBC. This illustrates the concept of: A. A closed economy. C. Opportunity cost. E. Cross elasticity (of demand). B. A positive sloping production possibility curve. D. A negative sloping demand curve.
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