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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #1114269
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?
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Opportunity cost, |
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Choice, |
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Tradeoff, |
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Exchange, |
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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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