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Unit 1 Review: Fundamentals of Economics Flashcards | StudBud
Unit 1 Review: Fundamentals of Economics
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What is an opportunity cost?
A
When goods are recycled into other goods.
B
Only an issue when there is not a scarcity of goods and resources
C
Usually absent in a command economy.
D
The next-best alternative given up in order to do something else.
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