Anything That Has Alternative Uses Has an Opportunity Cost and Is

question 113

True/False

Anything that has alternative uses has an opportunity cost and is, therefore, scarce.

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Definitions:

Soviet Military Coup

The attempted coup in August 1991 by members of the Soviet Union's government aiming to take control and prevent the dissolution of the Soviet state, which ultimately failed and led to the end of the USSR.

Chaos

A state of extreme confusion and disorder, often characterized by a lack of order or predictability.

Nelson Mandela

A South African anti-apartheid revolutionary, political leader, and philanthropist who served as the President of South Africa, advocating for equality and reconciliation.

South Africa

A country located at the southern tip of Africa, noted for its diverse cultures, languages, and history of apartheid.