Economics Flashcards
1
Q
The cost associated with making a choice- what you could have done
A
Opportunity cost
2
Q
What does an opportunity cost cause us to do?
A
Create a cost/benefit analysis
AP US Government > Economics > Flashcards
The cost associated with making a choice- what you could have done
Opportunity cost
What does an opportunity cost cause us to do?
Create a cost/benefit analysis