The ____ of a Resource Is the Benefit That Would

question 249

Multiple Choice

The ____ of a resource is the benefit that would have been available from its next best use.

• A)opportunity cost
• B)present value
• C)future value
• D)all of the above
• E)none of the above

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Definitions:

Article II

A section of the U.S. Constitution that outlines the executive powers of the President of the United States.

Constitution

The fundamental principles or established precedents according to which a state or other organization is governed.

Judicial Branch

The branch of government responsible for interpreting laws, resolving legal disputes, and administering justice.

Article III

Pertains to the section of the United States Constitution that establishes the judicial branch of the federal government.