Someting that is given up as the result of a choice is referred to as

Social Studies

1 answer:

AlekseyPX2 years ago

5 0

Answer:

As a result , we must make choices. When we make a choice , that choice

necessarily means that we have to give up something . The something we give up

is called opportunity cost. Economists define opportunity cost as the next best

alternative or the highest valued alternative to the choice that was made.

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