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Opportunity Cost and Exchange Price

  • A. R. G. Heesterman
Chapter
  • 47 Downloads
Part of the International Studies in Economics and Econometrics book series (ISEE, volume 3)

Abstract

As already mentioned in the previous chapter, the concept of a price has two aspects. As efficiency price it is the opportunity cost, to society, the amount of other goods that has to be sacrificed in order to have one unit of Article X.

Keywords

Foreign Exchange Foreign Market Economic Planning Investment Evaluation Import Substitution 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© D. Reidel Publishing Company, Dordrecht, Holland 1971

Authors and Affiliations

  • A. R. G. Heesterman

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