20
QuizMultiple Choice

Economic Concepts — Test

Question 20 • Economics

Which of the illustrates an opportunity cost?

Answer
A
James has enough money to buy some socks and a book.
B
Amir only has time to study or to play basketball.
C
Lydia does not have enough money to buy a new shirt.
D
Alyssa does not have enough time to study for her test.

Explanation

An opportunity cost is the next-best option you give up when choosing how to use a limited resource. Amir has time to study or play basketball, so choosing one means giving up the other. The choice between studying and playing basketball illustrates an opportunity cost.

AI-written and checked against the verified answer.

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