Opportunity cost is always measured in dollar terms, rather than in terms of real goods and services.

Question

Quizplus · Accepted Answer

Opportunity cost can be measured in both dollar terms and in terms of real goods and services. When measuring in dollar terms, it refers to the monetary value of the next best alternative forgone. However, opportunity cost can also be measured in terms of the real goods and services that could have been produced or consumed if resources were allocated differently.

Opportunity Cost Is Always Measured in Dollar Terms, Rather Than