The term "opportunity cost" points out that
A) not all individuals will make the most of life's opportunities because some will fail to achieve their goals.
B) there may be such a thing as a free lunch.
C) executives do not always recognise opportunities for profit as quickly as they should.
D) any decision regarding the use of a resource involves a costly choice.
Correct Answer:
Verified
Q66: Scarcity can be eliminated through
A) wise use
Q67: A good economic model
A) should not include
Q68: Q69: Human resources that perform the functions of Q70: You notice that when the inflation rate Q72: Your employer has asked you to start Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
