brian760102 brian760102

04-10-2020
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All of the alternatives a person has when making an economic decision
are called:
opportunity cost
trade-offs
factors of production
macroeconomics

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Aejong234 Aejong234

04-10-2020

Answer:

The answer is opportunity cost

When an option is chosen from alternatives, the opportunity cost is the "cost" incurred by not enjoying the benefit associated with the best alternative choice.

Hope the answer is correct.

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