Multiple Choice
Ross has two different projects he would like to work on this weekend: paint the spare bedroom or perform some minor repairs on his old '83 Chevy. Unfortunately, he doesn't have time to do both this weekend. The fact that Ross must give up one thing in order to do something else best illustrates what concept?
A) comparative advantage
B) the hierarchy of needs
C) opportunity cost
D) diminishing returns
Correct Answer:
Verified
Correct Answer:
Verified
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