Opportunity cost is the __________ alternative forfeited when a choice is made.
A) least-valued
B) most highly-valued
C) most convenient
D) most recently considered
Correct Answer:
Verified
Q94: The primary reason why people cannot have
Q95: In economics,something that provides disutility is called
Q96: Which of the following statements is false?
A)
Q97: How is scarcity related to competition?
A) Competition
Q98: If variable X falls as a result
Q100: Scarcity is defined as the condition in
Q101: If scarcity didn't exist,neither would
A) rationing devices.
B)
Q102: How are changes in opportunity cost predicted
Q103: Which of the following is a positive
Q104: The cost of building a new interstate
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