Opportunity Cost Exists Because of

question 10

Multiple Choice

Opportunity cost exists because of

• A) poverty.
• B) scarcity.
• C) greed.
• D) self-interest.

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Definitions:

Range

The difference between the highest and lowest values in a set of data, indicating the data's spread or variability.

Distribution

The process of making a product or service available for use or consumption by a consumer or business user.

Following

The act of going after or behind someone or something, typically to observe or track.

Artificially Inflated

A condition where value, numbers, or effects are increased beyond their true or natural level, often due to intervention or manipulation.