1
QuizMultiple Choice

Opportunity Cost

Question 1 • * HSA 26-27 Economics

Which of the following has the largest impact on opportunity cost?

Answer
A
consumer wants
B
tight deadlines
C
consumer needs
D
limited resources

Explanation

Opportunity cost is the value of the next-best option you give up when making a choice. Limited resources make people choose among competing uses, creating that trade-off. Consumer wants, needs, or deadlines may influence a particular decision, but limited resources have the broadest impact on opportunity cost.

AI-written and checked against the verified answer.

Next