The Concept of Opportunity Cost Exists Because

question 91

Multiple Choice

The concept of opportunity cost exists because

• A)of scarcity.
• B)goods have different prices.
• C)of shortages.
• D)the value of services is hard to determine.

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Definitions:

Harsh Treatments

Approaches or methods that are overly strict, severe, or cruel when dealing with others or in response to problems.

Motivational Potential

The capacity of a task, job, or situation to induce an individual to exert effort towards achieving a goal.

Profit Sharing

An incentive program where employees receive a share of the company's profits, reflecting their contribution to its success.

Weak Economy

A state where a country's overall economic performance is poor, characterized by low growth, high unemployment, and declining business activities.