The term used to emphasize that making choices in the face of scarcity involves a cost is

Name: The term used to emphasize that making choices in the face of scarcity involves a cost is
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Question

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The term that emphasizes that making choices in the face of scarcity involves a cost is opportunity cost. Therefore, the best choice is C. The other options, accounting cost, utility cost, and substitution cost, are all related to different types of costs but do not directly relate to the concept of opportunity cost.

The Term Used to Emphasize That Making Choices in the Face