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djyliett [7]
2 years ago
9

Opportunity cost is the amount of one thing you must give up in order to get more of another thing

Social Studies
1 answer:
Anna [14]2 years ago
7 0

The definition of opportunity cost as the amount given up of one thing to get more of another is TRUE.

<h3>How does opportunity cost come about?</h3>

Opportunity cost comes about because humans do not have enough resource to satisfy all our needs and wants.

As a result, we have to give up on producing certain things in order to be able to produce more of another thing.

Options for this question include:

  • True
  • False

Find out more on opportunity cost at brainly.com/question/1549591.

#SPJ1

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