The expression of cost in terms of alternative forgone is...
The expression of cost in terms of alternative forgone is referred to as ____?
Scarce resources
Decision making
Opportunity cost
Choice
Correct answer is C
Opportunity cost is defined as the expression of cost in terms of alternative forgone. It is the satisfaction of one’s want at the expense of another want.
In a country with large population of full-time house wives, national income ...
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If workers at the school canteen sell during the holidays, this is an example of? ...