Which Economic Concept Is Reflected by the Expression "Time Is

question 75

Multiple Choice

Which economic concept is reflected by the expression "time is money"?  

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

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Definitions:

Decibels

A unit of measurement for sound intensity, representing the relative loudness of sounds.

Loudness

A measure of how intense or powerful a sound seems to a listener, often associated with volume.

Tinnitus

A condition characterized by hearing noises such as ringing, buzzing, or humming in the ears when no external sound is present.

Hair Cells

Sensory cells located in the inner ear that are responsible for converting sound vibrations into neural signals.