The giving up of a good or activity in order to obtain some other good or activity is called:
a. a tradeoff.
b. a cost analysis.
c. a random choice.
d. an opportunity cost.
e. a sunk cost.
a
Economics
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A decrease in the personal income tax rate ________ disposable income which ________ consumption
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
Economics
Explain what would happen to the equilibrium price and quantity of oranges if the supply of oranges increased while the demand for oranges decreased
What will be an ideal response?
Economics