In Economics, the Cost of Something Is

question 67

Multiple Choice

In economics, the cost of something is:

• A)the out-of-pocket expense of obtaining it
• B)what you give up to get it
• C)always measured in units of time
• D)always higher than people think

---

Definitions:

5G

The fifth generation of wireless technology, offering faster speeds, lower latency, and the ability to connect more devices simultaneously.

2020

The year 2020, notable for global events such as the COVID-19 pandemic.

4G

The fourth generation of broadband cellular network technology, providing mobile ultra-broadband Internet access.

QR Code

Quick Response Code, a two-dimensional barcode that can store information accessible by scanning it with a smartphone camera.