___________ refers to the returns foregone on any resource or asset from using it in its next best use.
A)Alternative cost
B)Trade cost
C)Capital risk
D)Opportunity cost
E)Absolute advantage risk

Question

Quizplus · Accepted Answer

Opportunity cost refers to the highest valued alternative that must be sacrificed in order to choose an option. It is the value of the next best alternative forgone.

___________ Refers to the Returns Foregone on Any Resource or Asset