Solved

Which of the Following Quotations Best Captures the Idea of Opportunity

Question 183

Multiple Choice

Which of the following quotations best captures the idea of opportunity cost?


A) "Opportunity knocks but once."
B) "Every choice involves a sacrifice."
C) "Let's not ask for the moon; we have the stars."
D) "Fools rush in where wise men fear to tread."
E) "All that glitters is not gold."

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q178: According to Baumol, Blinder, and Solow, recognition

Q179: How are the slope of a production

Q180: Figure 3-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 3-5

Q181: Figure 3-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 3-4

Q182: Any point on or outside the production

Q184: The concept of opportunity cost in a

Q185: Centrally planned economies are not constrained by

Q186: An optimal decision is one that is

Q187: Free markets promote all of society's goals.

Q188: Efficient production can be carried out anywhere