The Concept of Opportunity Cost Exists Because

question 91

Multiple Choice

The concept of opportunity cost exists because

• A)of scarcity.
• B)goods have different prices.
• C)of shortages.
• D)the value of services is hard to determine.

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Definitions:

Stupid Person

A derogatory term used to describe someone perceived as lacking intelligence or common sense; however, it's subjective and potentially offensive.

Hasty Generalization

A generalization is made from a sample that is too small or biased.

Randomly Selected

Chosen without a specific pattern, order, or principle, often used to ensure fairness or unbiased results in a selection process.

Entire Group

A term referring to all members or components within a specified collection or set without exception.