menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 2: The Economic Problem: Scarcity and Choice
  5. Question
    The Concept of Opportunity Cost Is Based on the Principle
Solved

The Concept of Opportunity Cost Is Based on the Principle

Question 202

Question 202

Multiple Choice

The concept of opportunity cost is based on the principle of


A) need.
B) consumption.
C) scarcity.
D) profit.

Correct Answer:

verifed

Verified

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

Related Questions

Q197: Refer to the information provided in Figure

Q198: If someone can produce a good at

Q199: Which of the following statements is true?<br>A)

Q200: Because resources are scarce, the opportunity cost

Q201: Related to the Economics in Practice on

Q203: In economics, investment always refers to<br>A) the

Q204: Economists refer to things that have already

Q205: Refer to the information provided in Figure

Q206: The production possibility frontier is a graph

Q207: In a free-market system, the amount of

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines