It is urgent that the U.S. improve in certain economic arenas

By restricting the amount of precious metals going into the colonies, the British significantly hindered economic growth in colonial America

Indicate whether the statement is true or false

A sunk cost is

A) the cost for drilling certain types of wells, such as a well for water. B) a past cost that cannot be recovered. C) a cost that is highly relevant for decision-making. D) an opportunity cost.