
Which statement concerning opportunity costs is false?
A) Opportunity costs can always be expressed in money terms.
B) Every choice involves opportunity costs.
C) Opportunity costs are the highest-valued alternatives that must be forgone when a choice is made.
D) The full cost of an activity includes the opportunity costs.
E) Economists refer to the forgone benefits of the next-best alternative as opportunity costs.
Correct Answer:
Verified
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