Opportunity Cost Exists Because

question 322

Multiple Choice

Opportunity cost exists because

• A)of scarcity.
• B)prices must adjust to eliminate shortages.
• C)production could not occur without the opportunity cost of using resources.
• D)the value of economic goods is positive while the value of goods is zero.

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Definitions:

Hellfire

Imagery or symbolism often associated with eternal punishment or damnation in some religious traditions, used to invoke fear or moral adherence.

Think Clearly

The ability or process of reasoning logically and understanding concepts without confusion or ambiguity.

Fear God

A religious or spiritual concept that encompasses respecting, obeying, and revering a deity or deities.

Judgmental

Characterized by forming opinions or conclusions about something or someone often based on subjective criteria rather than objective evidence.