Introduction to Economics 1 Deneme Sınavı Sorusu #1114269

“A desired item or outcome to a person is what that person has to give up to get that item or to achieve that outcome” refers to which following concept in economics?


Opportunity cost,

Choice,

Tradeoff,

Exchange,

Utility


Yanıt Açıklaması:

Tradeoffs and Opportunity Cost

The opportunity cost of a desired item or outcome to a person is what that person has to give up to get that item or to achieve that outcome.

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