Economists argue that
A) there is an opportunity cost associated with all decisions.
B) there is an opportunity cost associated only with decisions involving money.
C) economic decisions have opportunity costs but other decisions do not.
D) decisions do not have opportunity costs.
E) there is an opportunity cost for some economic decisions.

Question

Quizplus · Accepted Answer

Economists believe that opportunity cost is a fundamental concept in economics and it applies to all kinds of decisions, whether they involve money or not. Every decision has an opportunity cost, which is the value of the next best alternative foregone.

Economists Argue That