What term is used when someone chooses the best option among limited choices?
A. Scarcity
B. Barter
C. Opportunity cost
D. Allocation

Question

MaximoRykei · Answer

The correct answer is letter C. Opportunity cost is the value of the next best alternative that you give up when you make a choice. It’s a key concept in decision-making.

What term is used when someone chooses the best option among limited choices? A. Scarcity B. Barter C. Opportunity cost D. Allocation

Answer (1)

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What term is used when someone chooses the best option among limited choices?
A. Scarcity
B. Barter
C. Opportunity cost
D. Allocation

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[Sagot para sa’yo] Give an example of a cultural symbol that represent Filipino identity. Explain why you consider it as a cultural symbo