"Opportunity Costs" Are Often Relevant to Short-Term Decisions

question 83

True/False

"Opportunity costs" are often relevant to short-term decisions.

---

Definitions:

Labor-Intensiveness

The characteristic of requiring a high amount of manual labor input relative to other inputs like machinery or capital.

High-Maintenance

Refers to things or people requiring a lot of time, attention, or money.

Very Labor-Intensive

Involving or requiring strenuous effort; physically demanding.

Nonrenewable Sources

energy sources that cannot be replenished in a short period, like fossil fuels.