5
practice testMultiple Choice

Practice Test

Question 5 • Economics

Opportunity cost means that something needs to be

Answer
A
paid for.
B
replenished.
C
ignored.
D
given up.

Explanation

Opportunity cost is the value of the next-best alternative you give up when you make a choice. For example, spending an hour studying means giving up the chance to use that hour for another activity. So something must be given up; it does not necessarily have to be paid for, ignored, or replenished.

AI-written and checked against the verified answer.

Previous
Next