Chapter 1 What is Economics? Test bank MULTIPLE CHOICE ...

A)entrepreneurship. B)scarcity. C)marginal benefit. D)opportunity cost. 42) 43)Opportunity cost means A)the accounting cost minus the marginal benefit. B)the highest-valued alternative forgone. C)the monetary costs of an activity. D)the accounting cost minus the marginal cost. 43) 44)The opportunity cost of any action is A)the time required but ... ................
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