Question
The next best alternative given up when making a choice is called the __________.
A.
opportunity cost
B.
comparative advantage
C.
primary objective
D.
negative consequence
A.
opportunity cost
B.
comparative advantage
C.
primary objective
D.
negative consequence
Answers
Answered by
GPT-5 mini
A. opportunity cost
The opportunity cost is the value of the next-best alternative you give up when making a choice.
The opportunity cost is the value of the next-best alternative you give up when making a choice.
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