Production Possibilities Curve: Opportunity cost, scarcity and choice Flashcards
1
Q
What is the opportunity cost?
A
The amount of money that is lost from producing another product.
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Business part of Economics exam > Production Possibilities Curve: Opportunity cost, scarcity and choice > Flashcards
What is the opportunity cost?
The amount of money that is lost from producing another product.
Business part of Economics exam (13 decks)
