Asked by
Alisha Quintal
on Oct 27, 2024
Verified
The opportunity cost of something is:
A) larger during periods of rising prices.
B) equal to the monetary cost.
C) smaller during periods of falling prices.
D) what is given up to acquire it.
Opportunity Cost
The neglect of potential gains that could be obtained from a variety of choices when one is prioritized.
- Understand the role and implication of opportunity cost in making economic choices.
Verified Answer
TSS
Learning Objectives
- Understand the role and implication of opportunity cost in making economic choices.