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Self-Test Questions

True/False

This activity contains 5 questions.

	All the cost of university residence should be included as part of the opportunity cost of taking a degree.

	True False

	Economists take into account the true opportunity costs of their actions when making economic choices.

	True False

	Rich people do not really face the problem of scarcity.
	Rich people do not really face the problem of scarcity.
	True False

	The problem of scarcity can be solved with fast technological development.

	True False

	The specialization of labour refers to the fact that labour needs to be increasingly skilled in our global economy.

	True False

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