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which of the following most closely relates to the idea of opportunity costs? a. trade offs...

which of the following most closely relates to the idea of opportunity costs?
a. trade offs
b. economic growth
c. technological change
d. capitalism
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Answer #1

Trade offs

Reason: Opportunity cost refers to the value of the foregone alternative. It represents the cost of the trade off made by the consumer.

For eg a student always has a tradeoff between studying and playing. Every decision made involves a tradeoff, which in turn creates opportunity cost in terms of the value of the foregone alternative.

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