Solved

What Is the Opportunity Cost of an Item

Question 49

Multiple Choice

What is the opportunity cost of an item?


A) The number of hours needed to earn money to buy it.
B) What you give up to get that item.
C) Always less than the dollar value of the item.
D) Always equal to the dollar value of the item.

Correct Answer:

verifed

Verified

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

Related Questions

Q32: Figure 3-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-1

Q43: If there is trade, which of the

Q45: Table 3-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-6

Q48: Mike and Sandy are two woodworkers who

Q51: For two people who are planning to

Q52: Table 3-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-2

Q53: Figure 3-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Figure 3-5

Q54: Table 3-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-1

Q110: Two countries can achieve gains from trade

Q161: Figure 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-2