Examlex
Which of the following activities is not within the scope of OM?
Opportunity Cost
The expense incurred by not choosing the second-best option available when a decision is made.
Sweaters
Clothing items made of wool or similar yarns, designed to provide warmth by covering the upper body.
Hats
A type of headwear that comes in various shapes, sizes, and materials, often used for fashion, protection, or ceremonial purposes.
Production
The process of creating goods or services by combining various inputs like labor, capital, and natural resources.
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