Everybody wants to get into college but colleges can accept only so many students each year. Thus, the selection process is run based on students' resumes and letters of recommendation when only the best and the most deserving students are accepted.
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The correct answer is A. Country chooses to produce bananas instead of wheat.
Opportunity cost is termed as value of choice. It is the important concept in economics and also the relationship which is between choice and scarcity.
A good example of opportunity cost is you can spend money and time on other things but you can not spend time reading books or the money in doing something which can help.
Opportunity takes important part in economic theory.
Answer: The answer is A) The species eat different foods.
The size of their beaks determine what type of foods they eat.
