Opportunity Cost and Exchange Price
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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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© D. Reidel Publishing Company, Dordrecht, Holland 1971