The opportunity cost of a choice is the
A) benefit associated with making that choice.
B) value of the next best activity not chosen.
C) fair market price of whatever is chosen.
D) dollar amount paid to purchase what is chosen.
E) consequence associated with failure.
Correct Answer:
Verified
Q33: Gains from voluntary trade arise because
A)it reallocates
Q34: A voluntary exchange of existing consumer goods
Q35: A college student faces no opportunity cost
Q36: Trade benefits people only when they together
Q37: Maria has two options to spend her
Q39: In economics, choices are made based on
A)benefits
Q40: Of the following individuals, who bears the
Q41: When people specialize in the activity in
Q42: The division of labor enables
A)people not to
Q43: Exhibit 1-2 
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