Opportunity Costs Arise Due to Scarce Resources

question 127

True/False

Opportunity costs arise due to scarce resources.

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Definitions:

Human Body

The physical structure of a person, including the bones, flesh, and organs.

Brain

The central organ of the nervous system in humans and other vertebrates, responsible for coordinating mind and body activities.

Mood Disorder

A psychological disorder characterized by the elevation or lowering of a person's mood, such as bipolar disorder or depression.

Apathy

A state of indifference, where an individual shows little or no emotion, interest, or concern towards emotional, social, or physical life.