AnswersOCPS - 2109010 - MJ WORLD HISTORY_SEM 1 CR_PY - vers.2Applying Economics to World HistoryQuestion 5
5
QuizMultiple Choice

Applying Economics to World History

Question 5 • OCPS - 2109010 - M/J WORLD HISTORY_SEM 1 CR_PY - vers.2

What is opportunity cost?

Answer
t
the limited availability of goods or services
a
a benefit lost when choosing between two options
t
the resources used to produce finished goods or services
a
a system of directly exchanging goods or services for other goods or services
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What is opportunity cost?