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  3. Study Set
    International Business Study Set 3
  4. Exam
    Exam 3: The Theory of Trade and Investment
  5. Question
    ___________ Refers to the Returns Foregone on Any Resource or Asset
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___________ Refers to the Returns Foregone on Any Resource or Asset

Question 51

Question 51

Multiple Choice

___________ refers to the returns foregone on any resource or asset from using it in its next best use.


A) Alternative cost
B) Trade cost
C) Capital risk
D) Opportunity cost
E) Absolute advantage risk

Correct Answer:

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