Opportunity costs refer to:

The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency, government intervention can improve overall welfare o markets allocate goodseffectively

Rose bought a mattress for her guest bedroom for $100, on sale. the mattress is nonreturnable. although everyone who has slept on the mattress said it was very uncomfortable, rose will not get rid of it because she spent $100 on it. what psychological factor associated with behavioral economics explains rose's behavior?

Resource x is necessary to the production of good y. if the price of resource x rises, the curve for good y will shift resulting in a(n) in the equilibrium price of y and a(n) in the equilibrium quantity of y. a. supply; leftward; increase; increase b. demand; leftward; decrease; decrease c. supply; rightward; decrease; increase. d. demand; rightward; increase; increase e. supply; leftward; increase; decrease