Multiple Choice
Your elderly grandma tells you: "I haven't been taking my beloved walks because I'm concerned about falling and getting hurt.See,there is always a cost to doing something.But if you don't do anything,then there is no cost." Your grandma does not understand the economic concept of:
A) scarcity.
B) efficiency.
C) opportunity cost.
D) marginal analysis.
Correct Answer:
Verified
Correct Answer:
Verified
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