Question 10 • (Galli)WCA 2221 Civics/Economics 1st nine weeks 26-27
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.