Opportunity Cost Always Arises When a Trade-Off Decision Is Made

question 27

True/False

Opportunity cost always arises when a trade-off decision is made.

---

Definitions:

Countries

Geographically and politically defined areas, recognized as distinct entities in political geography.

Income Inequality

The uneven distribution of income within a population, often leading to social and economic issues.

India

A country in South Asia, known for its vast diversity in cultures, languages, and religions, and as the world's largest democracy.

Increasing

Refers to a situation where there is a rise in the quantity or quality of a particular economic variable or indicators.