economists define a group of goods available for consumption as which of the following?\n○ resources\n○ an…

economists define a group of goods available for consumption as which of the following?\n○ resources\n○ an economic model\n○ an opportunity set\n\nquestion 19\n2 pts\nwhat is meant by inflation?\n○ when it is impossible to get more of something without experiencing a trade - off of less of something else.\n○ when it is impossible to produce more of one good without decreasing the quantity produced of another good.\n○ whatever must be given up to obtain something that is desired.\n○ rise in the overall level of prices.

economists define a group of goods available for consumption as which of the following?\n○ resources\n○ an economic model\n○ an opportunity set\n\nquestion 19\n2 pts\nwhat is meant by inflation?\n○ when it is impossible to get more of something without experiencing a trade - off of less of something else.\n○ when it is impossible to produce more of one good without decreasing the quantity produced of another good.\n○ whatever must be given up to obtain something that is desired.\n○ rise in the overall level of prices.

Answer

Brief Explanations:

For the first question, an opportunity set represents a group of goods available for consumption. Resources are inputs for production, and an economic model is a theoretical construct. For the second question, inflation is defined as a rise in the overall level of prices. The other options describe concepts like trade - offs and opportunity cost.

Answer:

First question: C. an opportunity set Second question: D. Rise in the overall level of prices