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Edison828 Edison828
  • 30-06-2014
  • Business
Answered

The amount of a good that must be given up to produce another good is the concept of:

a.

scarcity.

b.

specialization.

c.

trade.

d.

efficiency.

e.

opportunity cost.

Verified Answer :

Anonymous Anonymous
  • 30-06-2014

e.) Opportunity cost is the cost associated with giving up one opportunity for the benefit earned by another.

Answer Link

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