The correct answer is an opportunity cost.
<em>The sacrifice involved in making one decision over another is called an opportunity cost.
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When talking about an opportunity cost, it is referred to as the benfits that exist when making a decision. It could be in business or a personal decision. When one individual makes a decision, there are other options left that can have benefits. The sacrifice involved in making one decision over another is called an opportunity cost. That is why is recommended to make a <u>cost-benefit analysis</u> to contemplate all the benefits.
<span>It was supposed to help reduce national dept. It was called the Whiskey Rebellion.</span>
<span>Amsterdam, Holland was the commercial capital of the European world at the end of the 16th century. This was due to an emergence of financial systems and realtively cheap resources, as well as trade.</span>
After the end of the war, India emerged as the world's fourth largest industrial power and its increased political, economic and military influence paved the way for its independence from the United Kingdom in 1947.
