The Most Desired Goods or Services That Are Given Up

question 46

Multiple Choice

The most desired goods or services that are given up when a choice is made are called the

• A)Rationing device.
• B)Economic profit.
• C)Opportunity cost.
• D)Utility cost.

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Definitions:

Academic Departments

Structured divisions within universities or colleges that focus on a particular field of study or academic discipline.

Psychoanalytic Theory

A theoretical approach in psychology that emphasizes unconscious processes and childhood experiences in shaping personality and behavior.

Ego Suppression

The deliberate or unconscious effort to control or diminish the influence of the ego, often to reduce conflict or promote psychological growth.

Sweat-Gland Activity

The physiological function of producing and secreting sweat through the skin's glands, often in response to heat or stress.