Opportunity Cost Usually

question 37

Multiple Choice

Opportunity cost usually

• A)cannot be measured
• B)applies to labor but not to capital
• C)is involved in calculating economic profit
• D)is greater than the cash payment made to a resource
• E)is less than the cash payment made to a resource

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Definitions:

Abraham Lincoln

The 16th President of the United States who led the country during the Civil War and advocated for the abolition of slavery, ultimately resulting in the Emancipation Proclamation.

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Economic Opportunities

Prospects or chances for individuals or entities to engage in activities that can lead to economic gain or advancement.

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