____________The opportunity cost of an economic decision is: the best alternative that was sacrificed. the amount of money needed to implement the decision. any land, labor, and capital that are wasted. all options that were lost due to scarcity.
____________The opportunity cost of an economic decision is: the best alternative that was sacrificed. the amount of money needed to implement the decision. any land, labor, and capital that are wasted. all options that were lost due to scarcity.
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 4SQP
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- ____________The
opportunity cost of an economic decision is: - the best alternative that was sacrificed.
- the amount of money needed to implement the decision.
- any land, labor, and capital that are wasted.
- all options that were lost due to scarcity.
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