Which Economic Concept Does the Expression "Time Is Money" Reflect

question 9

Multiple Choice

Which economic concept does the expression "time is money" reflect?

• A)opportunity cost
• B)specialization
• C)market exchange
• D)comparative advantage
• E)efficiency

---

Definitions:

Constitution

The fundamental law of a nation, establishing the governing framework, principles, and legal authority.

Abuses

Actions that improperly use power or violate the rights and welfare of others, often characterized by exploitation or harm.

Power

The capacity or ability to direct or influence the behavior of others or the course of events.

Government

The group of people with the authority to govern a country or state, making and enforcing laws and policies.