Multiple Choice
The concept of opportunity cost exists because
A) of scarcity.
B) goods have different prices.
C) of shortages.
D) the value of services is hard to determine.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q30: In the above figure, points u, v,
Q81: If a country is currently producing inside
Q105: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -If the farmer
Q128: Why is a point below the production
Q148: In every economic system, choices must be
Q156: Using the above table, what is the
Q162: Opportunity cost can best be defined as<br>A)
Q249: The trade-off between current consumption and the
Q310: In the above figure, what is the
Q371: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the