2
QuizMultiple Choice

Opportunity Cost

Question 2 • * HSA 26-27 Economics

Assessing opportunity cost involves

Answer
A
making choices and dealing with consequences.
B
choosing consequences over rewards.
C
reviewing past decisions and changing them.
D
minimizing profit and loss.

Explanation

Assessing opportunity cost means considering what you give up when you choose one option over another. Making a choice involves accepting its consequences, including the lost benefit of the next-best alternative. Therefore, the correct choice is “making choices and dealing with consequences.”

AI-written and checked against the verified answer.

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