Which of the following statements is false?
A)There is an opportunity cost associated with any choice made.
B)If there is a budget constraint,there will be scarcity.
C)A financial budget constraint must exist for an opportunity cost to exist.
D)Opportunity costs occur because of scarce resources.
E)Because of scarcity,choices have to be made.

Question

Quizplus · Accepted Answer

Opportunity cost exists regardless of the existence of a financial budget constraint. It is simply the value of the next best alternative foregone when a choice is made.

Which of the Following Statements Is False