Foreıgn Trade Deneme Sınavı Sorusu #1391711

The highest valued alternative that is given up when making a choice is called:

Tradeoff.

Production possibilities frontier.

Marginal rate of substitution.

Opportunity cost.

Trade triangle.

Yanıt Açıklaması:

Opportunity cost of a choice is the highest valued alternative that is given up. It is the quantity ratio of the production decrease in the commodity to the production increase in the other commodity as the production moves along the production possibilities frontier.

PAYLAŞ:

SORUNUN CEVABI: D

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