Because resources are scarce, the opportunity cost of investment in capital is
A) zero.
B) forgone future consumption.
C) forgone present consumption.
D) infinite.

Name: Because resources are scarce, the opportunity cost of investment in capital is A) zero. B) forgone future consumption. C) forgone present consumption. D) infinite.
Brand: Quizplus
Rating: 4.8 (34 reviews)

Question

Quizplus · Accepted Answer

Forgone present consumption is the opportunity cost of investment in capital because resources used for investment cannot be used for current consumption.

Because Resources Are Scarce, the Opportunity Cost of Investment in Capital