Multiple Choice
The value of the best alternative sacrificed to obtain something you want is referred to as
A) explicit cost.
B) opportunity cost.
C) marginal cost.
D) sunk cost.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q16: Which of the following statements is FALSE?<br>A)
Q24: The principle of comparative advantage implies that<br>A)
Q25: A graphical representation which shows the trade-off
Q31: Which of the following is a TRUE
Q59: In the above figure, moving from producing
Q113: A country that must reduce current consumption
Q147: International trade between two nations increases the
Q185: Refer to the above figure. Which one
Q191: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q247: "Economics deals with human needs." Do you