What must be given up in order to acquire or do something else is known as:
A) money.
B) stocks and bonds.
C) goals.
D) opportunity cost.

Name: What must be given up in order to acquire or do something else is known as: A) money. B) stocks and bonds. C) goals. D) opportunity cost.
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Question

Quizplus · Accepted Answer

Opportunity cost refers to the value of the next best alternative that is foregone as a result of making a decision. It represents what must be given up to acquire or do something else.

What Must Be Given Up in Order to Acquire or Do