Opportunity Cost Exists Because

question 22

Multiple Choice

Opportunity cost exists because

• A)technology is fixed at any point in time
• B)the law of comparative advantage is working
• C)resources are scarce but wants are unlimited
• D)the value of lost opportunities varies from person to person
• E)efficiency is measured by the monetary cost of an activity

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Definitions:

AT&T Mark the Spot

A mobile application from AT&T that allows users to report network issues like dropped calls, poor signal strength, or data failure directly to AT&T.

Mobile App

A software application developed specifically for use on small, wireless computing devices, such as smartphones and tablets, rather than desktop or laptop computers.

Intellectual Property

Legal rights that result from intellectual activity in the industrial, scientific, literary, and artistic fields, including copyrights, patents, and trademarks.

Collective

A group or system that works together as a whole, often implying shared responsibilities or activities.