Opportunity Cost Exists Because

question 22

Multiple Choice

Opportunity cost exists because

• A)technology is fixed at any point in time
• B)the law of comparative advantage is working
• C)resources are scarce but wants are unlimited
• D)the value of lost opportunities varies from person to person
• E)efficiency is measured by the monetary cost of an activity

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Definitions:

Verbs

Words that express actions or states of being.

Objects

Instances of classes that encapsulate data and functionality, acting as the basic building blocks of object-oriented programming.

Class ActionListener

An interface in Java that listens for action events, such as button presses, allowing classes to react to user interactions.

ActionEvent

An object that represents an action event in Java, such as pressing a button or entering text in a text field.