Hi there. The way this question is stated is going to need some input from you to infer what was meant by the language.
This answer would be True. Because opportunity cost means more of one and less of another in simple terms, since in an economy we cannot utilize all of our resources at one time.
But I would caution that the language is in the simplest of terms! Since a more thorough definition would be that opportunity cost is the amount lost by not taking the next-best alternative. If your teacher and lesson usually describe opportunity cost and other terms simply, then I would say to go for it and choose True.
But if your lesson seems to be strict on definitions, then maybe that isn't the best definition. I would say it is good enough though because although simple, it does encompass the whole idea.
I hope this helps!
Less developed countries, post-socialist countries, transition, social market economy
Approval of the articles was delayed by the conditions that various states placed. The prevailing arguments included the need for a stronger central government which became apparent as the weak federal government had no powers to raise revenue or raise an army. There was also the argument that such a step would result in tyranny
The upheaval was caused by widespread discontent with the French monarchy and the poor economic policies of King Louis XVI, who met his death by guillotine, as did his wife Marie Antoinette
